Over the past year and a half, Akash has seen major growth in network activity and functionality. The community of developers and users is steadily increasing over time. With the Coinbase announcement of listing AKT as a supported asset, this is the perfect opportunity to expand the network’s user base through education on a Tier 1 platform. Discussions regarding this proposal can be found on GitHub.
Why Coinbase Learning rewards?
Coinbase Learning Rewards is an educational platform within Coinbase that allows Coinbase users to learn about projects across the crypto ecosystem. The program provides a small monetary reward in the form of tokens to those that complete lessons and quests.
Budget & Outcomes
The Akash core team will run 2-3 separate Learn campaigns with Coinbase to educate new users about Akash Network and foster interest in the work being done across the community. For these campaigns, we request $8,000,000 or ~1,612,903 AKT using a 30-day moving average price of ~$4.96 (as of block height 15,488,114). The Community Pool currently holds 4,532,193 AKT and is refilling at a rate of 1.156 million AKT per month.
With an $8M budget and expected total payout of $10-15 per user for lessons and quests, exhausting the total budget would increase holders of AKT by 533,333 - 800,000. For reference, according to Smart Stake Analytics, there are currently ~101,000 Active Addresses on-chain.
Timeline
Given the urgency of the timeline, the discussion period will be shortened to expedite the process and maintain momentum behind this incredible opportunity.
Github Discussion: Open for three days of review and feedback
Governance Proposal live for voting: Friday, March 22, 2024
Coinbase Learn campaign estimated go live: End of March 2024
Voting
By voting YES to this proposal, you agree:
Approval for the full funding amount
Authorize the community pool to disburse AKT (1,612,903) for Coinbase Learning Rewards to a publicly visible wallet.
By voting NO, you disagree that community pool resources should be used for Coinbase Learning Rewards.
By voting ABSTAIN, you express no opinion on the matter.
