Vested pillars for Key people in the crypto In return for Marketing

Marketing
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These are a few potential reasons why awareness of the Zenon network is relatively very low in the crypto space. HOW CAN WE FIX IT ?

Crowded Market: The crypto space is highly competitive with many projects vying for attention. Zenon Network has to compete with well-established names like Ethereum and Solana, which have a network effect with millions of users and billions in funding. This makes it challenging for Zenon Network to stand out without significant resources dedicated to marketing and partnerships.

Limited marketing: Zenon network has taken a more grassroots, community-driven approach rather than engaging in large-scale marketing campaigns. This has resulted in slower growth (not even like a tortoise in a race).

Anonymous team: The Zenon developers have chosen to remain anonymous, which makes it harder to gain mainstream attention and credibility compared to projects with known founders and teams. All developers are unable to communicate effectively.

Focus on development: The community seems to have prioritized building the core technology over promotion, which can lead to a solid product but less visibility. Results show that we have the same prices as six years ago.

Lack of major exchange listings: Zenon is not yet listed on top-tier exchanges, which limits exposure to a broader audience of crypto traders and investors.
Bad price = bad budget = fewer developers = less interesting discussions = less energy.(h)

HOW CAN WE FIX IT ?

Following may be one of the solution : VESTED PILLARS.

Let’s consider allocating vested pillars to influential figures in the cryptocurrency space in exchange for marketing efforts and product awareness. This strategic partnership could potentially attract thousands of new users to the Zenon network.

This approach could offer several benefits:

  1. Increased visibility: Leveraging the reach of key crypto personalities OR companies could significantly boost Zenon’s exposure.

  2. Credibility boost: Associating with respected figures in the industry may enhance Zenon’s reputation.

  3. Network growth: The influx of new users could accelerate network adoption and development.

  4. Strategic partnerships: This initiative could lead to valuable long-term collaborations within the crypto ecosystem.

Community expansion: A diverse influx of users from different crypto communities could enrich Zenon’s ecosystem.

However, it’s important to consider potential challenges:

  1. Selecting the right partners who align with Zenon’s vision and values.

  2. Ensuring fair distribution of vested pillars.

  3. Maintaining the network’s decentralization principles.

  4. Setting clear expectations and measurable outcomes for these partnerships.

Implementing such a strategy would require community consensus to ensure it aligns with Zenon’s long-term goals and ethos.

Lets make it with community consensus!

4 Likes
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Awesome initiative, thanks Stark for bringing this up.
How do we choose influential figures & companies?
Idea: everyone creates a list with arguments to each figure/company, then we select potential players followed by voting

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Do you have some ideas for who to target for vested pillars?

I assume this would need an embedded contract. Potential vesting parameters for discussion:

Measurable

  1. Uptime (momentum production)
  2. Duration of running the pillar
  3. Participation in AZ voting
  4. Delegation weight

Not Easily Measurable

  1. Community awareness
  2. Community engagement
  3. Spreading the word
5

Logos (and the associated Operators Ordinals community) would make a great candidate for a vested Pillar.

Some attributes that Logos could bring to the table:

  • Aligned philosophies
  • Elevated reputation
  • Large developer community working on several protocols (Waku, Codex, Status, etc.)
  • Events Collaborations
  • Potential follow-on investments
  • Potential zApp development
3 Likes
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Seeing Logos’ activity on X and their ethos, they could potentially be a good candidate.

3 Likes
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I’m all for the idea but as said previously there’s a few key aspects the community needs to agree with first:

-Do we go with 1 initially and measure the impact before committing more, and if so - how many pillars?
-Set clear goals on measuring success, but the offer of the vested Pillar must be without a guarantee or commitment of success from the operator. They bring eyes/investors to the table - we provide a pillar, that’s the exchange
-Are they for a certain time only? Probably 12 months ± 12 months if voted in? Or perpetual?
-Who handles hosting/VPS costs? I’d suggest the operator takes on that role with help from community Devs for setup
-Voting: I think the pillars should operate exactly as other pillars and participate in consensus and governance to foster further involvement
-Dev effort: who’s developing the code to allow vested pillars to operate and are the technicals achievable etc.

1 Like
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Agree that a vested Pillar should be able to vote upfront to foster participation and deeper involvement.

For this reason the “vesting” mechanism should be embedded into NoM itself rather than just manually issuing ZNN/QSR at a certain rate for a group to purchase a Pillar at a later date.

Perhaps the “vesting” can follow the corresponding criteria as a starting point:

  1. Vested Pillar slot issued to operator*
  2. Operator responsible for Pillar setup/VM, etc.
  3. Pillar generates yield and can vote immediately upon formation
  4. Pillar yield “Collect” and pillar disassembly option is disabled until end of vesting period (can use 4 years as standard for simplicity)
  5. (Optional) Pillar must maintain > 95% uptime and > 80% voting record otherwise throughout vesting period otherwise all yield goes to AZ

*The issuance of the vested Pillar itself may be the most technically challenging. Some ideas:

  1. Operator is responsible for ZNN purchase but QSR burn is overriden for vested slot
  2. Override both ZNN and QSR requirements for vested slot

And both options still don’t address the consensus to give a vested slot in the first place. The simplest idea I can think of here is a modified AZ vote that introduces a specific vote type for a vested Pillar application. All the proposal fields are basically the same but instead of the ZNN + QSR ask it just displays “Vested Pillar”

Not sure how many slots are envisioned and/or encoded into NoM already but we should probably have a cap which should be displayed in the UI. Considering a vested Pillar should act no different than a real Pillar than the ability to disassemble should be accounted for 15K ZNN from max supply against the total number of Pillar slots available.

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Responding on behalf of Logos/OP1. We would be interested in experimenting with running a Vested Pillar, specifically if there was an override of the ZNN and QSR requirement. The ZNN requirement is less of a concern than the burn.

We could use the opportunity to include Zenon within the broader Logos Community.

If the vesting mechanism is in a state to be embedded into NoM then we would gladly entertain participation.

11 Likes
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Since the QSR is to be burned anyways (good for the network) and AZ has a heartier amount of QSR, how about just applying with 6 AZ requests of 50K QSR each and then Logos covers the costs internally for the 15K ZNN

300K / 6.95M QSR = 4.3% of AZ’s QSR supply

It’s still a hefty percent of the funds so I think as long as there is a good will plan to develop and promote the network on Logos/Operators side, there’s good reasons for the community to consider.

Worth a shot Operator.

2 Likes
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If it’s a well structured proposal (tit for that, pillar is paid out in phases in exchange for value), I wholeheartedly support this, assuming that Logos can put zenon on the map and dedicate resources to it.

Hell I’ll give away 5k of my own znn if there’s a good partnership proposal but SZ funding falls short.

4% is nothing if it creates sustainable momentum.
And AZ funds can be replenished with protocol emissions anyway.

In any case, no need for fancy vesting code beyond what AZ logic already offers.

To anyone in the Zenon community: logos has loads of resources. Zenon should BUY some of them by giving Logos a pillar. Ezpz

2 Likes
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Don’t we have lik 45-50 legacy pillar slots still left? Should bring the QSR requirement down considerably.

https://zenonhub.io/api/nom/swap/get-legacy-pillars

Can somebody ask shai to reach out to his OG buddies?

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Shai has already done that. All know slots are sold. I cannot account for the remaining slots.

1 Like