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EXPERIMENT_THREE.MD

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Experiment Three: Conviction Voting & Grants Eligibility

Overview

This experiment proposes a framework to accelerate early-stage DeSci projects, which are often the most promising but also the riskiest.

Core Principles

  1. Convertible Grants: Projects receiving grants pledge to volunteerly replenish the treasury upon reaching maturity
  2. Decentralized Eligibility: Through conviction voting
  3. Continuous Distribution: Continuous grant distribution through Streaming QF

Join the Discussion: Telegram

Token Economics: $MEGAPI

Initial Distribution

Total Supply: 3,141,593 $MEGAPI (π × 10^6)

Percentage Amount Usage
10% 314,159 $MEGAPI Liquidity Pool with ~0.15 ETH from current treasury
10% 314,159 $MEGAPI StreamingQF distribution over 3 months
3.5% 110,000 $MEGAPI Builder subsidies (subsidies half of the cost of the grant)
5% 157,078 $MEGAPI Airdrop to DeSci supporters (later)
12.5% 392,798 $MEGAPI Operations, marketing, and community development
60% 1,853,399 $MEGAPI Treasury reserve for future distribution

Initial LP setup

  1. Uniswap V3 LP with 3,141,593 $MEGAPI with 0.15 $ETH
  2. Price Range: +- 2% - 30% of liquidity pool +- 5% - 30% of liquidity pool +- 10% - 40% of liquidity pool

Community Participation

To nominate a project for grants via Gardens, a citizen must:

  • Entry Requirement: 10k $MEGAPI stake + 1,000 $MEGAPI treasury contribution

  • Target: 20 initial members

    • Expected Total Stake: 200,000 $MEGAPI
    • Treasury Contribution: 20,000 $MEGAPI

Treasury Sustainability

Projects receiving grants commit to voluntarily replenishing the treasury through:

  • Direct treasury donations
  • Adding liquidity pairs
  • Other community-approved methods

Implementation Process

  1. Citizenship Acquisition

    • Stake 10,000 $MEGAPI
    • Contribute 1,000 $MEGAPI to treasury

  2. Project Creation

    • Citizens can propose new projects
    • Projects must reach %ELIGIBILITY_THRESHOLD for grant consideration

  3. Grant Distribution

    • Activation requires %MIN_PROJECTS (e.g., 5) reaching %ELIGIBILITY_THRESHOLD
    • Distribution methods:
      • Primary: StreamingQF
      • Alternative: Gardens voting system with QF integration

  4. Treasury Allocation

    • Dedicated portions for:
      • Project grants
      • Marketing initiatives
      • Community development
      • Operational expenses

Background

This experiment builds upon:

Related Documentation