[SCP-53] Finalized ETHDENVER Sponsorship

Proposal: Sponsor ETHDenver and Supporting Events (Revised)

Summary: Sponsor ETHDenver. This would include the sponsorship, hosting two events, and fund scholarships for ShapeShift DAO members to attend.

Motivation: Centralized ShapeShift has been attending and sponsoring ETHDenver for the last 5 years, as this event was in our own backyard. Now that we are a DAO and decentralized, we should consider many events, but what better way to start this DAO sponsorship theme than through our roots at ETHDenver. We would also be supporting another DAO, as with the genesis of Spork DAO in June 2021, ETHDenver is the first event based DAO in the world.

Our motivation to sponsor this event is the exposure and supporting the BUIDLer community around us. These attendees are motivated, educated and the right type of connections for our DAO to be building. The attendees of this event include students, developers, technologists, community leaders, educational professionals, entrepreneurs and more.

Since 2018 ETHDenver has seen over 40,000 attendees, 200+ international sponsors, 800+ teams, 400+ buidlers, representatives from 49 states and 104 countries. To date, ETHDenver is the world’s longest running and most diverse Ethereum event produced.

Our specific goals would be to:

  • Raise awareness about ShapeShift’s journey to become a DAO
  • Recruit 3 interested developers to work with the DAO
  • Recruit 3 other members to other workstreams
  • Get 500 new members in the Discord
  • Speak on at least 1 panel or 1 workshop
  • Submit 1 bounty to a hackathon participant
  • Create DAO to DAO relationships and partnerships
  • Garner press and PR for the DAO
  • Meet ShapeShift DAO community members in the flesh and strengthen these relationships
  • Raise at least $100,000 in ETH for CoinCenter

Modified Specifications:

The initial budget have been revised to more accurately reflect costs. The following budget is what is actually being requested from the DAO. Any remaining funds that are not used will be returned to the DAO.

ETH Denver Event Sponsorship:

  • MetaLite Sponsorship - $20,000
  • Benefits
    • 3 Sporkwhale tickets
    • Logo on promos and PR
    • Social, Blog and PR communications
    • Sponsor table
    • Bounty Prize Limit: $15,000
    • 1 Panel Spot or 1 Workshop
  • Bounties - $15,000
  • Swag for the table, and incentives to achieve our goals. $6,500
    • Tshirts/ Stickers
    • $500 of this budget would go to designs
  • Scholarships for DAO community members to attend $6,500
    • While the event is a free event, it does require travel to get out here. We would like to be able to fund at least 8 ShapeShift DAO members with a $800 scholarship to offset the costs of travel. They would have to work a shift at the booth and attend/ help host the party. Denver residents are not eligible.
    • Workstreams can still sponsor the remainder of the cost of the trip for DAO community members.

ETH Denver Event Sponsorship Total: $48,000

Fundraiser for Coin Center/ VIP Dinner Event (48 attendees):

Being a new DAO, many of us are interested in supporting the work of Coin Center. Coin Center is the leading non-profit focused on the policy issues facing cryptocurrencies. They engage in research, educate policymakers, and advocate for sensible regulatory approaches to this technology. Another reason for hosting a fundraiser as the DAO is to show we have a vested interest in this community and its future.

The theme of the dinner will be Wild West Pioneers. We will invite a few VIP guests of honor who have founded or greatly contributed to the Denver/ Colorado crypto ecosystem, including Erik Voorhees. This event will be sponsored by the ShapeShift DAO and will cost attendees a 0.5- 1 ETH donation to CoinCenter to attend. Our goal is to raise $100,000 - $200,000 for Coin Center and garner more exposure for our DAO. (Note: These amounts are subject to change, based on which VIP Guests we can secure.)

We would also like to create a 1-of-48 NFT set for the attendees of this party. There is a budget for design and minting below.

VIP Dinner / Coin Center Fundraiser:

  • Plated dinner for 48 - $7,300
  • Alcohol - $2,000
  • NFT design and minting - $2,500

VIP Dinner / Coin Center Fundraiser Total: $11,800

Pre-Party for ETHDenver: 225 attendees:

While the conference brings professional relationships and contacts with BUIDLers in the community, event parties typically provide a space to build long lasting relationships and opportunities for the DAO. We have seen these parties be more fruitful than the conferences themselves at both ETHParis and at ETHLisbon. Those events were not even sponsored by ShapeShift, we can imagine the relationships and bonds we will build at our own sponsored event. There will be appetizers, alcoholic beverages and entertainment for the attendees. Space will be limited to 200 attendees, plus 25 ShapeShift DAO members. We would like a POAP for this event.

ETH Denver Pre Party:

  • Shuttle buses for the evening - $5,000
  • Heavy appetizers - $10,000
  • Staff - $3,000
  • Alcohol - $7,000
  • Entertainment - $5,500
  • Furniture rental - $2,000
  • Cleaning costs - $2,000
  • Event Planning Committee - $5,000

ETH Denver Pre Party Total: $39,500

ETHDENVER Total $99,300

We would ask for this amount in USDC if possible, if not the FOX that would be granted to this event team would be immediately transferred into USDC, so that we are able to pay all our vendors without risk of market fluctuations.

Benefits:

Including all the goals listed above.

  • We would like to be seen in the same light as other top DAOs that have sponsored this event. Including but not limited to Uniswap, AAVE, Near, Gitcoin
  • Colorado is at the forefront of new organizational structures and business models, Colorado Governor Jared Polis announced at the 2021 ETHDenver that Colorado intends to become the “first digital state” We would like to continue to build our relationship with Colorado and help them understand the benefits of DAOs.
  • We would like to raise money for CoinCenter in hopes that we can help them to educate lawmakers and stakeholders about the benefits of DAOs.

Drawbacks:

The ask for $99,300 is not a small one, it should be considered carefully and weighed with the benefits and possible opportunities our DAO would create by sponsoring and attending these events.

Vote:

Yes- ShapeShift DAO should fund an ETHDenver sponsorship, scholarships, and related events for $99,300

No- I do not support this proposal in its current form

7 Likes

One point for clarification: “We would ask for this amount in USDC if possible, if not the FOX that would be granted to this event team would be immediately transferred into USDC, so that we are able to pay all our vendors without risk of market fluctuations.”

We have talked with the TDMC and they are going to help us get the USDC we need, so there will be no need to sell FOX. Thanks!

4 Likes
Do you support this proposal to Sponsor ETHDenver?
  • Yes
  • No

0 voters

3 Likes

This has my support and I am looking forward to attending.

4 Likes

let’s foxin gooooo, can’t wait to celebrate in RL with you all at the coolest ETH event in the galaxy

5 Likes

Thanks for clarifying this @danielle as this was going to be my only comment :slight_smile:

With that taken care of, this has my full support and I look forward to seeing many of you at the event!

Original Forum post here: Sponsor ETHDenver

2 Likes