XDC Community requires your support!

This is one of the best and real community driven proposal that I have seen that is presented publicly

Tokenomics of XDC Network has provision for Ecosystem Pool that allows the project to be run as a quasi-DAO (not full DAO)

XDC Community (name of the initiative) comes across as one of the real dev centric and decentralized initiatives that's been running really well since the last 2 months.

The proposal is quite in depth but I will voice my feedback with each points below :

• Having grown the XDC Network primarily as a bootstrapped one, the budget seems a little bit on the higher side.

• The proposal here is presented in USD while XDC is the sole currency of XDC Network

• If this proposal is to go through (which looks like it will), will unlock approximately 60 Million XDC supply from ecosystem pool at current XDC rate. There has to be a provision and sustainability around that kind of supply to go into liquidation. The community also needs to understand the implications of that pool going into the open market for liquidation.

• Sustainability needs to be a priority. Enterprise Ethereum alliance was able to scale EIP and ethereum’s development from industry budgets and funding layer2 protocols like uniswap, marketdao etc. Just because there is a provision in XDC tokenomics, these initiatives should not solely depend on XDC.

• There needs to be shameless salesmanship to bring industry onboard to fund XIPs without which the development will not be validated or sustainable.

• Either way this is the best and first real proposal I’ve seen come from community, other than the POS proposal presented by Ritesh (co-founder)
  xdc.dev/riteshkakkad/xdc-network-p...

• For XDC to scale up into top 5 public blockchain projects, there will need to be a fully transparent process from here on around all such initiatives.

• Last but not the least : PLEASE GET ON-CHAIN VOTING DAPP LIVE ASAP

  My vote is : YES

Thank you for the detailed proposal and for all the work you have been doing for the network!

The XIP process was created to further decentralize the network and this submission will also stand as an example for future submissions by projects and potential L2's on the network.

XDC Community was created by members of the XDC Foundation that identified a gap in our development process and went to work to fill the gap with a platform, tools and vision.

It serves as an example of how we as community members can serve the network by bringing ideas into action for the network and an example of how new entities can establish and operate as independent community teams to support network growth.

Decentralization is a critical component of a successful network where ecosystem development is driven by these independent teams to support L2's and foster growth of network dApps.

I fully support this proposal and look forward to the feedback from the community.

Vote = YES

Vote = YES

Continued decentralization is required for adoption of the XDC Network by industry participants. The XIP Process that XDC Community put in place is increasing programmatic decentralization of how decisions are made on improvements, feature additions, and issue mitigation.

The proposal above is increasing economic decentralization by giving the XDC Community the ability to decide how funds are allocated from the XDC Development Fund, a standard that needs to be adhered to regardless of the outcome of this vote.

Adoption of the XDC Network by industry requires this level of transparent decentralization, and the XDC Community has been a facilitator of this kind of transparent decentralization historically, and this proposal hopes to secure those efforts moving forward.

The XDC Network is at an inflection point, and the path to adoption is rooted in decentralization. This push towards decentralization will require the entire community. This proposal is focused on bringing a new entity into existence focused full time on fostering this decentralization at the will of the community. I personally believe this is necessary, but I am just one voice in the community, and mine carries no more weight or value than anyone else.

Most impressive and respectable! The XDC Network and its community is worthy of such a brilliant strategy and solid foundation for software development growth. We all need this initiative to pass, so that the XDC Network can get the true recognition it deserves. Soon, it will no longer be the most undervalued blockchain protocol out there in the industry. Very nice going XDC Community team, it's an honor and a privilege to be working with you all. #WeAreXDC

Vote = YES

With the further progression of the XDC Network XIP proposals, new standards adopted by the network will allow for DApps,Mobile and web interfaces, as well as more developers to incorporate them into their products to include further complexity with little effort to the developers. with an even further focus on these goals the network can grow its developer community by having a robust toolset of standard's provided to the network and its users.

I vote: YES.

I am particularly impressed with how much the XDC Community has accomplished in such a short time, only two months and a lot of effort and engagement.

I believe this proposal will have a massive impact on the community in a good way. The budget will allow the team to focus on high-quality content and prepare our community for the next market cycle, putting XDC in a good position compared to other chains and boosting the network's legitimacy to newcomer builders/users.

Denying XDC to invest in its community development and halting the work done so far would speed down the network growth. For that reason, I fully support this proposal.

However, since it is undoubtedly a significant investment, I am also in favor of setting a few metrics to measure the impact of the work done by the XDC Community to quantify the team performance.

VOTE: YES

I fully support any effort that helps facilitate the growth of the developer community and increases decentralized support of the technology and ecosystem. Much like a social network, the XDC blockchain - as an interactive platform - is only as valuable as its participants who interact on it.

Assorted retail applications and broad developer engagement will make the network even more robust, with more diverse participants. XDC is an EVM compatible chain. Because Ethereum has emerged as the preferred choice to develop, the XDC tech is also well-positioned. The founders were very thoughtful in their approach to the tech, and it's up to the community to continue to innovate and ensure the ecosystem reaches and envelopes new markets.

The trade finance use cases only evolve as more retail focused dapps and communities can connect to enterprise participants. As a community, we should want to increase visibility and access to the tech - so that XDC becomes the preferred destination to interact, settle, track and verify.

XDC Community's approach to network documentation, and dev/community engagement has really enhanced and further decentralized the ecosystem. Each member of the team has been active in the community. They have proven themselves to be good stewards of the network.

That combined with the fruits of their efforts from building the XDC Community vertical (i.e. standardizing XIP, bootstrapping dev engagement, repository development, etc.) suggest that they are the most well-positioned to support these efforts going forward.

Vote = YES
Decentralization is something every chain struggles with whether they like to admit it or not. I made this same comment to the team earlier. Every effort taken to get us closer to be more decentralized should be taken with the understanding that it's an uphill battle. Community efforts is important to stand it up and build a strong foundation so anyone else coming to support the network can do so with minimal effort. That is by creating great documentation and developing the tools that the devs will need to feel welcomed to develop and expand on the current efforts from previous devs and community members. I support the effort for decentralization and more community involvement when it comes to positive changes to the network. I believe the team has started in the right path to get community involvement but this is just the beginning I will support them however possible to get this moving in the right direction.

Vote - Yes

Everything that has come to light recently has been done in a couple of months, but there is a lot of work left to be done. The transparency of putting this out to the community, and the community's participation in this, says a lot imo. There are needs for improvement in many processes and I am hopeful they will come.

Vote = YES

Loving the competitive comments. If you believe you can do it better, faster, cheaper ( just like $xdc) then you’ll have all the opportunity you want. This is not a closed door monopoly.

But for now, this is the best proposal and it’s plenty ambitious. We need to get the ball rolling and that’s just what this vote is doing.

Great job XDC Community! It’s the dawn of a new day.

Hello everyone, good afternoon from Brazil!

I agree with the proposal, and I also think the expansion of talking about the project in other languages is very valid, I say this because I see very little information about the project here in Brazil, what I look for is directly with what comes out official and translates!

It would be a big step for the community! @akhekade @riteshkakkad @troyswood

You can count on my help in any way you can!

Vote = YES

This is a strong move in the right direction. It sets up the network for much success that is driven by the dev community.

VOTE = Yes.

Vote = YES

As there is no on chain voting system available yet, which will be answer to transparancy questions raised by members here hope we will soon be able to vote On chain for XDC proposals as it's a first priority of above praposal.

Though I feel the cost is a bit more looking at the previous deliveries and involvement in the past two months we could expect the same performance and deliver the above goals efficiently which will move XDC community towards more decentralisation.

Thank you

VOTE == YES
Keep up the great work team !

Vote=Yes

Great project guys! I love It and fully back you up. My Vote Is definitely YES

Vote = YES
XDC Blockchain has been solving the problems associated with some of the most popular blockchain networks whether it is Ethereum or Solana or Tezos. With cheapest transaction fee and high TPS, the network just needs to make a strong presence among developers which can be possible by the support of XDC Community. XDC Community has been working hard to create awareness about the XDC ecosystem and finding ways to build developer support for it.

Yes

XDC offers an opportunity for enthusiasts to get connected with the community to develop dApps on XDC Network, which are useful for the community as a whole in various areas, but not limited to deFinance, deInsurance, Electronic Health Records, etc. People say, "Sky is the limit" but with XDC Network, "Sky is the Beginning and limitless".
My Vote is YES.

Yes 👍

Vote = YES

VOTE=YES

Vote = Yes

Vote = YES

Vote = YES

I had some doubts but after discussions with XDC Community I really honor this transparency initiative and think they will put the funds to great use. Having an open and honest discussion is key to bringing the network forward.

My vote is with majority Vote (YES) with below mentioned comments ;

1. Budget should be one time with long term sustainability plan.
2. Technical Project Progress should be always open Source with public github and rest all projects (Non-Tech) should have justified Public link for XDC community review.
3. Proposal and Voting should be on "Onchain Governance" dapps.
4. Equal voice to each community member.
5. Goal to grow XDC Network’s adoption and awareness with developer’s community / institutional participation to grow more decentralization.

Vote = YES

Vote = YES

I look at decentralization from a legal, regulatory, and industry perspective. In addition to the issues that confront XDC Foundation, I regularly interact with other attorneys (some of whose employers would be immediately recognized by everyone in this forum) and cannot help but notice that what was chaos and noise a year ago is converging into a symphony, first slowly and then suddenly. One clear note I am hearing is decentralization.

There are a number of questions asked to measure a project's decentralization. A common one is, "What would happen if your project team disappeared?" Would the network still function? Would it thrive? Would it develop?

Part of the reason behind the question is industry's unwillingness to rely on any project team. There are a number of supporting concerns which we should all understand but which I will not attempt to repeat here. The network, and the parameters and processes by which the network is improved, must decentralize to create ubiquitous redundancy so that the risk of loss (remember we are proposing to change the way real world trade finance and a host of other important things are done) is statistically zero. This can only happen with decentralization.

I do not believe XDC Community is the final iteration of decentralization. I believe XDC community is. But as pointed out in the article above, decentralization cannot (or at least does not normally) happen in the first instance; there is a process.

XinFin Fintech created XDC Network. In the early days, the project was fully centralized as it had to be; there was no community within which to decentralize the many needs of a blockchain project. XDC Foundation was created in 2021 to facilitate further decentralization. While decentralization is difficult to achieve by the creation of an entity per se, the Foundation made important progress in building indispensable community touch points through exchange listings and development team liaisons. Since the Foundation came online, many new L2s have launched on the Network.

The community required to sustain a blockchain consists of developers, not speculators. The necessary parties are those who seek to improve network functionality, undoubtedly and unabashedly for the proper function of their own applications but ultimately with a net positive gain in everyone’s favor.

XDC Community, having recognized that the XDC L2 dev community reached critical mass, has been working tirelessly to facilitate the give and take that characterizes a healthy decentralized project. In such an environment, in which developers are allowed to influence protocols and tooling in a way that simultaneously serves their ends and the needs of all others, decentralization finds its true expression. The XIP process is one example of how XDC Community saw the writing on the wall and took action. They outline above a suite of additional steps they propose.

It is easy for other parties and groups to say, “Yeah, great idea but we can do it cheaper.” If you could have, you would have. But here we are. XDC Community saw a need and provided an answer. They see many needs and are working to provide community-based solutions to propel XDC Network forward.

From a legal perspective, the work of XDC Community has made my job at the Foundation easier. The work has positively and necessarily shifted a primary characteristic of XDC Network and I expect it will be the groundwork for our move from a top 100 project to a top 50 project and beyond.

XDC Community has proposed a clear course of action and prepared a budget to sustain that course. They have demonstrated an understanding of the Network, of networks generally, and of decentralization and its unique needs and that they can provide services and thought leadership to keep us moving in the right direction. For all of that, XDC Community has my unqualified support and I wholly endorse their proposal.

One final note before any naysayers start typing. Neither XDC Community nor its proposal is perfect. We’d all die waiting if that were the standard. But you can’t steer a parked car. Lets get them rolling and then act like the community we are to provide feedback and constructive criticism. XDC Community’s success will be our success.

Vote = YES