This proposal seeks to secure a budget of 50,000 GAL tokens from the Galxe DAO treasury for the rewards of Galxe Community Space’s fourth season, running from January 29th to March 22nd, 2024. The tokens will be equally divided between GAL rewards and Galxe Smart Balance rewards.
Leveraging the achievements of Season 3, the aim is to further boost community participation and engagement. The new rewards structure and distribution method are designed to provide ongoing incentives, fostering a more dynamic and involved community presence within the Galxe ecosystem.
The proposed funding is intended for:
GAL token rewards for active participants of Season 4, to be distributed in a raffle format.
Funding users’ Galxe Smart Balance accounts as rewards, adding versatility and utility within the Galxe ecosystem.
Galxe Smart Balance
Galxe Smart Balance rewards, constituting half of the total budget, are crucial in the Galxe environment. They enable active users to enjoy a frictionless experience on the platform, covering gas fees across all chains.
This proposal encompasses the rewards for Season 4, from January 29th to March 22nd, 2024. The tokens are allocated solely for the two specified categories.
For Season 4, the rewards will be distributed weekly over an 8-week period. This distribution will occur after the conclusion of each week’s tasks. Each week will have 6250 GAL worth of rewards, with half being distributed as GAL token rewards, and the other half distributed as Smart Balance rewards.
GAL Rewards (25,000 GAL tokens)
Galxe Smart Balance Rewards (25,000 GAL tokens)
Consistent or increased user involvement in loyalty campaigns.
Positive community response to the revised rewards structure and distribution method.
Growth in the user base and overall ecosystem of Galxe.
Enhanced understanding and appreciation of Galxe’s offerings, vision, and products among users.
The budget for Season 4 is set at 50,000 GAL tokens, with rewards distributed weekly over an 8-week span, starting January 29th, 2024.
Thank you again for your great project!! I think it will be a valuable gift that can be gained through continuous efforts, understanding the ecosystem, and contributing a lot!! I will work hard. And the experiences and projects that I felt through Galxe helped me a lot. Once again, I wish you great success and progress in 2024. Thank you.
I don’t agree with the raffle system, it seems like a lot of effort (creating content & being active in AMA), will be in vain if you don’t have luck, like my experience in Season 3, in the first week I was still in rank 2, but after getting points from raffle (discord role), my rank dropped to 200. But I was still lucky to be in the top 10 at the end of the event.
I propose that the $GAL reward still use the Leaderboard system, while the Smart Balance reward uses the raffle system