Not Just another NFT Project
All Projects and contributions are eligible for retroactive funding, including software, community, writing, marketing, etc. Once each funding period ends, a voting period will start where Purpler holders may vote for the proposal they believe should get funded (1 Purpler = 10 votes). Winners are simply those proposals that have the most votes. At the end of voting, there will be 5 winners who receive 0.69 ETH each.
Rules & Guidelines
– Anyone with an Ethereum address can propose that their own project or someone else’s be considered for a retroactive gift.
– To be eligible for these rounds, grant recipients must have performed work before the start date of the proposal. They must submit their proposal with an address connected to a Farcaster account.
– Projects which have not yet started, proposals for future work, and proposals submitted by addresses not associated with a Farcaster account are ineligible for retroactive funding.
– All Projects and contributions are eligible for retroactive funding, including software, art, community, media, writing, marketing, etc.
– A winner may submit again to a future funding round but must disclose their prior Purpler funding.
– No self-dealing or conflicts of interest: Purpler holders should refrain from voting on sending funds to wallets where any portion of those funds is expected to flow to them, their projects, or anyone they have a close personal or economic relationship with.
– If there are fewer than 5 submissions, the round is null, and there will be no winners selected – In the event of a tie, the proposal that was submitted earliest wins