2024-5-14 Meeting summary for Steering Committee Monthly Call

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Quick recap

Pawel discussed the company's financial status, team progress, and the impact of various KPIs, noting a drop in worker proposal items and a decrease in crypto handles activity. Wayne then presented the Q1 review, the company's marketing strategies for upcoming campaigns, and their recent and upcoming event participations. Lastly, Wayne discussed potential partnerships and integrations, future marketing campaigns, and plans to discuss market-making services with the steering committee.

Summary

Financial Status and KPI Updates

Pawel discussed the current financial status and recent changes in Key Performance Indicators (KPIs). He mentioned a rise in expenses due to a developer contract for a new field history solution, but noted that it was within the approved budget. He also reported a 25.4% drop in the treasury due to market conditions, resulting in a shrinkage of the runway from 47 to 38 months. Pawel additionally highlighted a 90% drop in worker proposal items for the steering committee. He pointed out they were still 20K under for the 3-month period and issues with domain wrapping that were affecting KPIs but were not the highest priority. Lastly, he noted a 14% drop in crypto handles activity due to lower dashboard activity and campaign activities.

Pawel's Team Progress and Q1 Review

Pawel reported on the team's progress, highlighting the upcoming release of voting bug fixes and the ubuntu upgrade. He also discussed the work on block producer stats, the new State history project, and the domain expiration date bug fix. Additionally, he shared updates on the Discord bot, website KPIs, and the launch of two versions of Feel App 22 and 23. Wayne then presented the Q1 review, noting that while they were under budget, they didn't meet their KPIs. He indicated plans to revise their marketing strategy to improve results.

Pawel's Prototype for Improved Transaction History

Pawel presented a prototype he had been funding for a new product called Fee or Relic, aimed at improving the transaction history in their system. He mentioned that he might require an additional $20,000 to fully develop this product, which could then be offered to any integrator. Emily and Adam both expressed their support for this idea, citing issues with the current transaction history. Pawel planned to submit a separate worker proposal for this new product.

Crypto Marketing Strategies and Collaborations

Wayne discussed the company's recent and future marketing strategies for their crypto-focused campaigns. He highlighted the successful collaborations with Coin Bureau, influencers Zach Humphrey and Austin Hilton, and the planned takeover of Blockworks Add in July. Wayne also identified areas for improvement, aiming to boost registrations, domain sales, and social growth through these collaborations, as well as an upcoming advertising campaign with Ether Mail. He also mentioned potential sponsorship of educational events in Africa and a positive response from Metamas regarding various marketing campaigns.

Company's Event Participations and Partnerships

Wayne discussed the company's recent and upcoming event participations. In the last quarter, they attended the Qatar Web Summit, Crypto Clarity Conference, and the Token 2049 event, where they made valuable connections. Upcoming events include Consensus, Belgrade Blockchain Week, and Istanbul Blockchain Week. Wayne also mentioned potential partnerships, including one with Trust Wallet, and the possibility of hosting side events rather than booths at future events for greater impact.

Partnerships, Integrations, and Marketing Plans

Wayne discussed several potential partnerships and integrations with various companies. Partnerships included Coin Stats, Dojima, Scale, FastX, Fisin, Key Space, Kima, MarSwap, Huddles, 6NFT, Metami, Exolics, Freckle, Gatex, XT, Dmail, Ether Mail, Sala Launchpad, and Decentra Chat. Integration elements discussed were field handle resolution, dashboard landing page, handle registrations, and NFT signatures. Wayne also mentioned future marketing campaigns with Ether Mail and a potential addition to Tangom's roadmap. Lastly, he planned to discuss market-making services with the steering committee.

Next steps

  • Pawel will submit a workup proposal for the 3,000-4,000 worker proposal to the budget committee for approval.

  • Wayne will follow up with Metamass to finalize the marketing campaign details and share updates in the next call.

  • Pawel will discuss the potential addition of market making services to the steering committee's agenda.

Video

 

https://youtu.be/67gXQdYZ2Js