Cosmos Hub Grant deployed by Atom Accelerator DAO (AADAO) to Binary Builders for ATOM Tokenomics RFP: Binary Builders
Amount Approved: $69,000
Status: In Progress

ATOM Tokenomics RFP: Binary Builders

To further address key issues within ATOM tokenomics, AADAO has granted $69,000 to Binary Builders as part of the second grant issued under our ATOM Tokenomics Request for Proposals (RFP).

Binary Builders’ research will focus on modern treasury management for the ATOM Community Pool, public funding solutions via the ATOM community pool with DRIP, and the establishment of a dynamic community pool tax and reserve management mechanism. These initiatives are vital for ensuring sustainable and efficient financial management within the Cosmos ecosystem.

Binary Builders is set to tackle essential areas including the ATOM Alignment Treasury (AAT). Additionally, AADAO will lead the development and implementation of DRIP, further enhancing the Hub’s financial strategies. The expected impact on the Hub/AEZ includes improved treasury management, more efficient use of community funds, and a more dynamic and responsive financial structure.

These advancements will not only address current issues but also lay a strong foundation for the future growth and stability of the Cosmos ecosystem. Binary Builders’ work will be instrumental in driving these positive changes, ensuring that the ATOM Community Pool is managed with modern, effective strategies that benefit the entire community.

About Binary Builders
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A leading group of builders in the Interchain ecosystem providing a range of services with the goal to help building the future of Web3.

Current Status: In Progress
Funding Program: Regular Grants
Funding Category: R&D

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $69,000
Amount Approved: $69,000 (100%)
Amount Paid: $34,500 (50%)

Date Applied: Jul 21, 2023
Date Approved: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Aug 01, 2023 (11 days)

Payments Made: View the DAO DAO prop on our Grants Wallet or Mintscan of the transaction $34,500 (Aug'23)

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