The crypto and blockchain sector is experiencing a major boom at the moment, and projects to further develop its applications and cross-platform compatibility are sprouting here and there.
Here’s our quick guide on how to get development grants from leading organizations like PhoenixDAO, a community-led project that offers boundless possibilities in the emerging decentralized finance (DeFi) sector and the crypto and blockchain ecosystem in general.
PhoenixDAO has recently launched its very own DAO and it is now accessible to anyone looking for an open-source, decentralized, and community-led project that already has a slew of uniquely developed dApps powered by the latest technologies in the decentralized finance sector.
Getting a development grant may be a tedious process, but it is all worth it when your proposal becomes the cornerstone of a new direction for a certain platform, or becomes the resolution to a long-held roadblock to an ecosystem’s growth. Blockchain technology projects are often in need of development in key areas such as core infrastructure, social impact, dev tooling and general usability improvements, as well as infrastructural security and sufficient user education.
Blockchain communities, especially those that revolve around a decentralized autonomous organization (DAO) often build around community-driven initiatives and reward successful grantees with shared revenues or prizes for completing objectives, enabling a culture of camaraderie and transparency for the community as a whole.
What You Need
With PhoenixDAO, after using the platform to submit your proposal initially, you are urged as a proposer to share your proposals on the PhoenixDAO Discord channel and explain the proposal’s core idea. This would help the PhoenixDAO community create an informed consensus about the idea and secure more upvotes for a specific proposal.
Proposals from the PhoenixDAO community must aim towards the overall improvement of the platform and extend its usability by introducing new features that improve both user experience and functionality. The aim is to put up proposals that will boost and improve the ecosystem, that is, ideas that benefit the whole community and of course with the PHNX token being a major beneficiary from these devs.
PhoenixDAO users who have submitted proposals are provided with a specific Discord.gg channel made for the discussion of their proposal.
Do you have an idea which you think would be beneficial to the PhoenixDAO community? Get it ready for presentation, pitch it well, and see where it goes! Check out their website for more details on how to formally submit proposals for the platform.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Opinions stated herein are solely of the author’s, and do not represent or reflect CryptoDaily’s position on the matter.