Approve Budget for Pre-Governance Hackathon Development

TLDR 

Approve a $25,000 budget for the development of Future's Pre-Governance Mandates tool and entry of the tool into the Solana Hackathon known as Radar. This project will revolutionize decision-making in DAOs by bridging the gap between community engagement and formal governance, positioning Future as a contender in the DAO governance world. 

Our aim is not to compete, but rather compliment the work of established governance players such as MetaDAO, Realms, Squads or Align. All DAOs will benefit from access to Future Pre-Governance Mandates.

Overview 

This proposal seeks approval for the development and budget allocation for Future's Pre-Governance Mandates tool, which will be entered into the Solana Radar Hackathon (September 1 - October 8, 2024).

• Target Customer: 

  • Solana-based DAOs and crypto projects seeking improved community engagement and decision-making processes.

  • Professional proposal builders looking for tools to make drafting successful governance proposals easier.

• Problem Solved: Traditional decision-making methods in DAOs often lead to low engagement and potentially problematic outcomes. There's a critical need for a tool that can efficiently gather community input, analyze complex issues, and refine proposals before formal governance votes.

• Monetization: There are several potential models for monetization, including but not limited to: $FUTURE staking, Monthly Payments, Pay-as-you-go etc.

• Key Metrics:

  • Number of DAOs onboarded

  • User engagement rates

  • Quality and quantity of proposals generated

• Value Creation: The tool will provide DAOs with deeper insights into stakeholder sentiment, increase participation, and lead to more informed governance decisions.

• Total Budget: $25,000 USD

  • This budget covers the entire hackathon duration and production of an MVP “Mandate” tool.

Problem 

Governance is so much more than voting. Key decisions must be made by community leaders and members throughout the governance process, particularly leading up to formal submission of proposals. There are very few tools to support this process, and those that exist often lead to decisive discourse and low engagement. Our tool facilitates engagement between community leaders, community members and the wider web3 ecosystem to produce well-thought out, well-supported and secure proposals prior to their submission.

Design 

Product Description: The Pre-Governance Mandates tool is a dApp-based solution combining a powerful decision-making engine with customizable surveys. It will leverage blockchain and (eventually) AI technology to provide impactful data. Innovative features like Blinks will allow DAOs to find feedback where their stakeholders are.

Key Features:

1. Multi-Criteria Decision-Making Engine

2. Customizable Survey System

3. Web3 Integration (Solana wallet connect, Blinks)

4. AI-Powered Analysis Tool

5. Mandates Dashboard

Business 

Budget:

• Decision-Making Engine & API Upgrades - $5000

• Mandates Wizard Upgrades - $3000

• dApp Build (Frontend) - $7000

• dApp Build (Backend) - $5000

• Documentation & Graphics - $5000

Expected Impact:

• Increased community engagement in DAOs

• Higher quality proposals and more informed decision-making

• Positioning Future as a leader in DAO governance solutions on Solana

Monetization 

Future will not rush monetization on this product. The objective is to accumulate power-users. The ideas below are simply that, ideas.

Future Revenue Streams:

• Staking: DAOs stake Future tokens for unlimited access

• One-time payments: Purchasable in $FUTURE

  • 70% returned to NFT stakers

  • 30% sent to treasury

• Subscription Model:

• Consultancy: Professional mandate curation

Whatever the model, it will benefit $FUTURE

About Future: 

Future is building a comprehensive pre-governance platform for DAOs and crypto projects on Solana. By leveraging advanced decision-making tools, Web3 technologies, and AI-powered insights, Future aims to revolutionize how decentralized communities make decisions and engage their stakeholders.