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KusamaSociety

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Seek to register Kappa Sigma Mu as a DAO within the Invarch portal/Astar. By doing so, Kappa Sigma Mu will gain an additional platform and window for its operations.

Furthermore, registering as a DAO would enable the Society to receive rewards in VARCH/ASTAR, which could be distributed on a biannual basis (can we automate this with ava protocol?) This move aims to provide new opportunities for the Society and enhance its engagement with the dot ecosystem.

Do you think this is worth exploring?


Register Kapa Sigma Mu in Invarch/Astar

The treasury is designed to incentivise the responsible use of accrued funds. Each spend period, unused KSM is supposed to be burned unless directed toward spending proposals. Currently, 0.2% of these unspent funds are automatically diverted to the Kappa Sigma Mu Society (See the pot [here](https://kusama.subscan.io/account/F3opxRbN5ZbbNGg1tFTKna9ymddEen74rNVr5JRPb3nRsXX)), an allocation hardcoded into the runtime, and beyond direct community control, hence largely locked and unused.

[At the inception of Kappa Sigma Mu](https://ksmsociety.io/wiki), this mechanism was intended to support an innovative, experimental approach to economic games. However, over time, the funds allocated to the Society have remained largely unused and inaccessible, with no measurable benefit justifying continued support.

The Society has accumulated more than enough funds (currently more than $3M) to cover any operational costs, yet continues to receive automatic funding without fulfilling its original goals. Hence, this proposal seeks to signal the member's desire to stop this perpetual funding to Kappa Sigma Mu, acknowledging that the current structure no longer serves its purpose. As long as Society cannot effectively utilise these funds, there is no need to perpetuate the 0.2% allocation, especially when those funds could be better utilised by the treasury or burned (something that requires a separate discussion involving broader token holders).

While non-binding, if approved, it will send a signal to proceed with creating an RFC to remove the 0.2% allocation and direct those funds to the burn or keep it on a treasury address.

Stop Treasury Funding to the Kappa Sigma Mu Society

Proposer: TK Media

Contact: Twitter: @TKVResearch | Telegram: @tk_media

Duration: 12 months

Amount: $65,000

Team Polkadot Daily: 02 Researchers, 02 Multimedia Designers, 01 Media Partnership, 01 Community Manager

About Us: TK Media has been operational since the launch of BSCDaily in late 2020 and has expanded to encompass 21 distinct ecosystems by 2023. We are a team of researchers, data analysts, multimedia designers, and business developers actively engaged in the blockchain industry.

[Our Media Ecosystem & Key Highlights](url)(https://drive.google.com/file/d/1L0GqMZkAD5aEI-ZFYhjyflSKK9eOccEA/view?usp=sharing)

Through our active involvement with L2 foundations and communities, we recognize Polkadot's unwavering commitment to development, despite the current focus on emerging L1s and L2s. Consequently, we propose this funding proposal to reactivate Polkadot Daily.

[Scope of Works](https://drive.google.com/file/d/18PnaC4e5DjkQeDMNR5nrDu21eUVIX3c5/view?usp=sharing)

[Content Creation Example](https://twitter.com/bsc_daily)
[Research Report Example](https://drive.google.com/drive/folders/1cby4OamCB07L5jydabc3uGIkm3DJKE6m)

In light of the current economic challenges, we propose minimal funding to support the Polkadot Daily team's operations for 12 months, to update the community on the latest developments in the Polkadot and Partners ecosystem.

Thank you for considering our proposal. We sincerely appreciate your support.


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Register Kapa Sigma Mu in Invarch/Astar

Stop Treasury Funding to the Kappa Sigma Mu Society

TK Media - 12 Months Budget for Polkadot Daily