Bloom Network: Cooperative Patronage Token Design for Network States

Bloom Network: Cooperative Patronage Token Design for Network States

A social network fosters local economic development through knowledge-sharing and incubating projects, powered by a federated DAO. It plans to create a cooperative patronage token for incentivizing regional economies.
Application
Applied on: 7 Aug 2024 05:47 AM
Rejected
User Review
AI Review
A1
Reviewed on 7 Aug 2024 06:01 AM
Advance Token Engineering: Projects must advance token engineering within one of the following categories: tooling, research, education, social infrastructure, consulting.
The project aims to design a cooperative patronage token with community currency properties, addressing social infrastructure and consulting aspects. It clearly aligns with advancing token engineering.
Contribute to the Superchain: Projects must contribute to the growth and development of Optimism or the broader Superchain ecosystem. Applications must include the following elements: - Description of the long-term vision for impact - Specification of short-term goals and milestones within the scope of the grant - Agreement to participate in TEC's impact evaluation process leading to the Retroactive funding round in November
The application includes a detailed long-term vision for impact, short-term goals and milestones, and an agreement to participate in TEC’s impact evaluation process.
Project Credibility: - Summary of project’s existing work with relevant links - Verified Github and/or Twitter account - Brief bios of the project’s team members
The application includes a summary of the project’s existing work with relevant links, a verified Twitter account, and brief bios of the team members. However, the GitHub activity is low, it is balanced by the strong history and community impact.
Returning Grantees: - Updates on the work accomplished since their last grant - Self-assessment of the effectiveness of their use of that funding
There is no information provided regarding their status as returning grantees or updates on any previous grants and their usage.