Harmony is driving blockchain adoption by building bridges to all networks. Our recent blogs "Harmony’s $1M Hackathon & DAO" and "Here’s to The ONEs Who Build" call for working together with builders and communities. Below are the strategies and the execution plans for growing Harmony Ecosystem with our $300M+ treasury fund.
Our thesis on Harmony Ecosystem Fund is
- Build – generous pay for developers and creatives toward impacts;
- Play – small budgets but many experiments in short timeframes;
- Talk – strong guidance and peer feedbacks in open forums.
https://www.youtube.com/watch?v=UeraaMsDHLg
100 DAOs and Top-Level Domain .country
Harmony Grants and Investments (Paused)
12-Month Overall Budgets: 2021Q4 – 2022Q3
How to fund $180M into 100 DAOs, 1000 bounties, 10 partners, 100 grants, 500 launches, 50 investments, 10 hackathons in a year?
- 100 DAOs ($50M). Governors of each DAO have delegated autonomy over its assets and initiatives. Harmony helps define 3 broad mandates, recruit 9 governors, define the deliverables and metrics for the first 3 months, and fund at maximum $1M. We recommend $75 to $350 per hour as the self-assessed salary, 3-month election terms, retroactive peer bonus and performance feedback, 80% passing votes, and openly tracking timesheets and deliverables for each member.
- 1000 Bounties ($30M). Hunters of each bounty can be anonymous and without commitment. Harmony helps define the scopes, the estimated hours and the deliverables of tasks. We recommend $10K-$200K as a bounty's reward, small teams of 1-3 persons engaging over 3-12 weeks, and effective hourly rates of $110-$185 – focusing on engineering tasks for our systems, networks, protocols, tools, middle-wares, and services. In contrast, our development DAOs can manage tasks smaller than $10K while business DAOs can incentivize non-technical tasks.
- 10 Partners ($30M). Owners of each partner drive business and corporate development. Harmony commits to cross-chain adoption with industry-leading projects. We recommend $3-5M for each liquidity or marketing campaign over 6-12 months, $5-10M for each acquisition of small teams, and $1-3M for seeding a regional or thematic subsidiary.
- 100 Ports ($20M). Recipients of each grant for porting must have achieved product-market fit. Harmony helps scale these thriving projects to our mainnet. We recommend $50-250K each over 4-8 weeks, on projects already with active 10K users, and engaging their teams in public forums. Prime areas of market growths are Play-to-Earn games, musician fan clubs, investment DAOs, portfolio dashboards, and event and collectible curators.
- 500 Launches ($20M). Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit. We recommend a $50K equity-free contribution each: $10K after launching a feature-complete product on our testnet, $10K after forming a DAO with its community, $10K after mainnet launch with audit, $10K after 1K users, and $10K for after 10K users.
- 50 Investments ($20M). Tokens of each investment are on-chain and semi-liquid. Harmony helps evaluate technical strengths, market potentials, and ecosystem alignment. We recommend $250K-$1M for each check at maximum $10M valuation, collaborate over events and campaigns, and rebalance portfolio quarterly to diversify.
- 10+100 Events ($10M). Organizers of each event follow our templates to bring in new builders. Harmony has success with Gitcoin, DoraHacks, ETH Global and DevPost with $2M+ campaigns. We recommend hosting our own quarterly hackathons with $1M prizes each, sponsoring $100K workshops for industry-wide conferences, giving $50K keynotes in regional events, and empowering 100 local organizers – with $1K budget for a 20-attendee 2-speaker event, or $5K for 50 with 4 speakers, and $10K for 100 with a co-sponsor.