Deep Funding Round 2 and Loyalty Rewards — Voting event results
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Greetings Singularitarians,
We are very excited to share what many of you have been waiting for:
The results of the voting event for the second round of Deep Funding, and the Loyalty Rewards pool.
We’ll get started with Deep Funding Round 2. While this is only the second round of Deep Funding, we are already seeing a lot of progress and a lot of innovation taking place:
From the perspective of quantity:
- The amount of submitted proposals has roughly doubled in size
- This round we have counted 467 individuals (wallet collection ID’s) representing a total of 611 wallets, against 158 distinct wallets in the first round
- The total available amount is lower than in round 1, but we still count 17 awarded projects, against 12 in Round 1
From perspective of innovation:
This is the first time that our voting portal is supporting both AGIX on Cardano and AGIX on Ethereum. We created a nifty wallet linking tool that we expect to be using more often for activities like this. Furthermore, following the successful experiment on our (first) Governance round, we now introduced Quadratic voting, and Reputation-based voting weights in the Deep Funding round. We also introduced a number of new pools partly as an outcome of the preceding Governance round.
Last but not least, on the organizational front we have successfully implemented a community-driven eligibility assessment and a first ‘peer review’ recommendation process, conducted by the awarded teams from round 2. And this list is not even exhaustive!
We are very proud of what we achieved so far and immensely grateful to all community members that engaged with us and with the proposing teams during the past weeks and months. To all community members that took the time and trouble to review the proposals and give valuable feedback, to the group that stood up and helped us to assess the proposals based on our formal conditions, to the Awarded teams from round one that volunteered to help with our recommendation experiment, and last but not least, to all community members that took the trouble to connect their wallets and give their votes. We owe all of you a BIG THANK YOU!
Of course, we will compensate our most active community members based on the reputation points they collected during this round with some AGIX. More details on this will follow later as we will deep dive into the results of this round and share our analysis of the process.
Below, find the list of all teams that have been awarded with their requested amount. More details on the results and the scores of all participating projects can be found in this list.
Pool A — New projects
Title: Integration of Mainstream Open-Source AIs
Proposer: Eric Duneau Awarded amount: $39,500 Read more
Title: SIBYL: The General-Purpose Forecaster
Proposer: Kevin R.C. Awarded amount: $84,000 Read more
Title: Automated HuggingFace to SNET Pipeline
Proposer: Soubir Acharya Awarded amount: $75,000 Read more
Title: Connecting SingularityNET to DataUnion.app
Proposer: Robin Lehmann Awarded amount: $75,000 Read more
Pool B — Existing AI Services
Title: Onboard NeuralProphet: a hybrid time-series forecasting library
Proposer: Kevin R.C. Awarded amount: $14,000 Read more
Title: GPT for sNET & Cardano
Proposer: Singularity Swarm Awarded amount: $15,000 Read more
Title: Computer vision based farm status and recommender system
Proposer: Ubio Obu Awarded amount: $20,000 Read more
Title: Upgrade of the Stable Diffusion service
Proposer: Eric Duneau Awarded amount: $13,500 Read more
Title: Knowledge-Based Question Answering System
Proposer: Mukhtar A.Algezoli Awarded amount: $20,000 Read more
Pool C — Projects in the ideation phase
Title: Community based mentorship
Proposer: Harry Hellyer Awarded amount: $2,400 Read more
Pool D — Marketing initiatives
Title: Developer Relations Campaign for SingularityNET
Proposer: Anthony Olik Awarded amount: $5,000 Read more
Title: Improve Deep Funding Social Media & Publicity
Proposer: Mauro Andreoli Awarded amount: $4,300 Read more
Title: SNET 360 events at the universities
Proposer: Cardano2VN Awarded amount: $9,890 Read more
Title: Building Community Town Halls
Proposer: Singularity Swarm Awarded amount: $4,000 Read more
Pool E — Tooling
Title: Community Contribution Scores
Proposer: William Thistleton Awarded amount: $37,472 Read more
Title: Acquiring insight by using ML and a Jupyter notebook with direct access to Blockchain data.
Proposer: Federico Weill Awarded amount: $25,000 Read more
Title: Agreement Building Platform
Proposer: Aharon Porath Awarded amount: $5,000 Read more
That’s it. We are very happy to welcome these projects and their teams to our family of awarded teams!
Loyalty Rewards — Community Governance
The governance event not only covered Deep Funding round 2, but also the question how to allocate the Loyalty Rewards pool of the Phase Two tokens.
As a reminder, this is what the Phase Two plan states on this:
The utilization of the Loyalty Reward token pool after the first year may be changed via democratic vote of token-holders.” -excerpt taken from the SingularityNET Phase Two Proposal, page 20.
The first question asked directly: Do we want to change the current hardfork snapshot requirement for Loyalty Rewards eligibility? The answer was, with 4,124,352 tokens(13%) in favor and 27,550,384 tokens(87%) against.
The results indicated strongly to NOT change the current hardfork requirement or allocation of the pool, so simply put, that’s what we’ll do.
Due to the nature of the questions, depending on whether we want to change anything to the current hardfork requirements in the first place, the follow up questions and their answers became somewhat irrelevant. We’ll give a short overview:
- On snapshot timing, if it wouldn’t be hardfork based, a tiered system for multiple periods would strongly be preferred (92%).
- Regarding the allocations of the pool, a strong preference was indicated to keep things as they are as well, with all proposed options receiving a majority vote for NOT allocating the pool to it. In order of popularity, alternative allocations were as follows: Ethereum staking rewards, Cardano staking rewards, Ambassador Program treasury and finally LP incentives.
Before the governance event took place it was discussed and agreed to review the allocations in a year from now, to potentially revisit it. This will take place after the Year 2 allocations have been distributed.
A community call to discuss the community governance results is planned for //Monday April 3rd// UPDATE Thursday April 6th, 18UTC, on our Discord server. This will be recorded and made available on our Youtube channel. The results are very clear and discussions on interpretation will be straightforward. We do feel it’s good to provide the opportunity for sharing thoughts in an open call setting, so we hope to see you join.
We’d like to offer special thanks to all who joined the ideation sessions and those who voted!
