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--- | ||
id: decentralized-futures | ||
title: Decentralized Futures Programme | ||
sidebar_label: Decentralized Futures | ||
description: Learn about the Decentralized Futures Program. | ||
keywords: [community, ecosystem, funding] | ||
slug: ../decentralized-futures | ||
--- | ||
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The new [Decentralized Futures Program](https://futures.web3.foundation/) supplements the Grants | ||
Program, and (as the name suggests) it strengthens the decentralization of the Polkadot ecosystem. | ||
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## Program Goal | ||
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The goal of the Decentralized Futures Program is to kickstart economically independent, active | ||
participants in the Polkadot ecosystem. | ||
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## Applications | ||
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To apply for funding to the Decentralized Futures fill | ||
[**this form**](https://docs.google.com/forms/d/e/1FAIpQLSdlPyHj56tY6t-5zhdn55VvznR5OACvXe8K1M6vRGmhdslZkw/viewform). | ||
The form will guide you through each step of the application. You are also encouraged to post the | ||
idea in the [**Polkadot forum**](https://forum.polkadot.network/) upfront. If you have any | ||
questions, you can reach out to the the | ||
[**W3F Decentralized Futures Community on Element**](https://matrix.to/#/#df:web3.foundation). | ||
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Proposals have to be **submitted before July 1st, 2024**. Applications will be **reviewed from Dec | ||
1st, 2023 - Jul 31st, 2024** on a rolling basis. | ||
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## Selection Criteria | ||
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In the current phase, we intentionally maintain openness in our approach. This deliberate choice | ||
stems from recognizing that specific initiatives demand substantial and bold efforts, often | ||
incurring significant costs, particularly in areas where traditional go-to-market functions are no | ||
longer in play. Conversely, there are instances where individuals require relatively modest funding | ||
in the tens of thousands to initiate their projects. This broad approach avoids constraining | ||
people's creativity and allows for many possibilities. However, it does come with the drawback of | ||
prolonged application processing times. | ||
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Several factors significantly enhance the likelihood of application success: | ||
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- A well-thought-out and compelling plan outlining the project’s sustainability beyond 2024 is | ||
crucial. While injecting funds into the ecosystem is straightforward, convincing customers or the | ||
community of the value behind that financial investment poses a more substantial challenge. | ||
- Applicants are encouraged to provide a detailed breakdown of how the requested funds will be | ||
utilized, with granularity increasing proportionally with the amount sought. This meticulous | ||
approach ensures transparency and accountability in the allocation of resources. | ||
- A demonstrated willingness to receive a more significant portion of the value in long-term DOT | ||
rather than immediate FIAT, aligning with the broader ecosystem's goals. |
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