Boosting the Shimmer Ecosystem as a community

This is the second and updated version of a proposal that was created by a group of community members who care about the Shimmer ecosystem’s development and the network’s success. We have met every Tuesday and Thursday in the IOTA Discord general voice channel, and all these topics have been publicly discussed, and the proposal was developed and fine-tuned in these meetings. Core contributors have been: @Deep_Sea @AndyW @gman214 @overclocked @Werner @TonyO2 @Linus @DigitalSoul.x and many others that took part in the calls and added context to the proposal. Read the First Version 2

You can watch all recordings of those meetings here: https://youtube.com/playlist?list=PL5joP0FyJQU4eKPWfQWradNVjMIPq86ID

Please read carefully and leave comments and suggestions in this thread.The selection process for potential committee members is specified in this forum post 1

If you like the idea, please show your support by voting in the poll at the end of this proposal.

Simple summary

The Shimmer Network will start with an allocation of 181.362.051 SMR to a community Treasury. This is 10% of the total token supply of the Shimmer network.

• We propose to elect a committee of 5 members to receive a budget of 15% (27.204.307 SMR) from this 181.362.051 SMR treasury and give out grants in the name of the community.
• We propose that the community votes for the members of this committee and elect one full-time employed Project Lead and four part-time contracted Grant Reviewers.
• We propose establishing a GmbH (LLC) in Switzerland as a Subsidiary of the Tangle Ecosystem Association to operate the Grant committee.
• We propose to give out grants based on clearly defined selection criteria and tiers that increase the due diligence with the requested amount of funding.

In establishing this Shimmer grants committee, we propose to follow successful grants management programs, mainly Aave grants, Polygon DAO Grants and Bankless grants.

Please watch the recording of our Bankless Townhall session, where they explain the Aave system: https://youtu.be/D_epzJC0Ap4.

2.) Abstract

The 10% community Treasury funds currently have no structure, and no rules are defined to guide how and if the community should use them. Not using these Tokens to support growth in the Shimmer Ecosystem would result in a massive loss of opportunity for the Shimmer community.

There is an immediate need to support teams, create outreach and marketing campaigns and incentivize builders to make Shimmer a successful network. We need to establish an organization, rules, and guiding principles to use the community funds to support the growth of the Shimmer network as soon as possible.

The Shimmer community will be the biggest token owner in the Shimmer network. With this, there also comes a responsibility to actively do something for the network’s success, creating a win-win situation for all participants.

3.) Motivation