2023 Akash Events Resourcing Proposal

Summary

Akash Network participation at large (eg - 1000+ attendee) In-person events are an important marketing, engineering, business development, community, investor relations and relationship building tactic. With this being the case we launched a community Events Working Group in late January 2023 with members of the Overclock labs team, Akash Insider's and greater Akash community representatives to debate, discuss and define what events are of significant importance for Akash to have a presence in 2023.

TLDR : Proposal Development

1. Formed 2023 Events Working Group.
2. 2023 Events Proposal drafted.
3. Community Events Proposal meeting video.
4. Proposal updated to include community feedback.
5. Current Proposal live for review.

Deep Dive : Proposal Development

Event Selection:

As a working group, we selected which events to attend through the filter of three categories.

• Cloud events (Including AI)
• Crypto events (established crypto events e.g. - been around for more than a few years.)
• Cosmos events

Once these categories were established we reviewed worksheets listing all events of importance in 2023 Example and filtered down to community defined important events for Akash.

After community review, this left us with 8 total events to attend in 2023.

Budget:

We defined event participation and cost into three categories.

• Tier One events - These events will include a sponsorship to the main event or a side event and separate Akash owned meetup.
  Estimated Cost: $42,651/event

• Tier Two events - These events will not include a sponsorship or an Akash owned meetup.
  Estimated Cost: $23,751/event

• Event overage - Overage are events that we don't know about yet, but would potentially need a budget for attending.
  Estimated Cost: $23,751/event

How things will get paid:

The budget will be put into a community wallet quarterly that Overclock labs will steward. The wallet information will be public and resources used for events will be reported out quarterly.

Members of the Overclock labs team that attend events will expense the cost of event attendance directly to Overclock Labs and Overclock Labs will return resources from the events wallet back to the company.

Akash community members that attend events will be given an estimated amount of AKT equal to USD for each event they attend as laid out in the full proposal document here.

Forecasted Quarterly Breakdown of funding (USD)

• Q1 : $0

• Q2 : $66,402 USD or 228,972 AKT

• Q3 : $109,053 or 376,044 AKT

• Q4 : $66,402 or 228,972 AKT

• Event Overage: $47,502 or 163,800 AKT

• TBD on what quarter fund will be needed

The total resources allocated from the community pool will be **$289,359 for the year 2023 or 997,790 AKT at current prices. **However, this proposal will not request the entire sum all at once. Instead, resources will be taken out quarterly to ensure maximum accountability and to take into account potential price changes in AKT.

Operational notes:

1. Overclock Labs will custody the requested funds in a new, distinct wallet so that funds from any other source are not commingled.
2. Responsible management of AKT received: the AKT funds received may not be liquidated immediately or not at all if market conditions are weak. If AKT is not sold, funding for events that require fiat or stables can be initially covered by Overclock Labs. If and when market conditions are strong, the right to liquidate these AKT to fund the events is reserved.
3. Overclock Labs will be stewards of the funding and at times cover the upfront costs of event participation in USD.

Event Participation:

The final consideration is who from the community will attend these proposed events. This will be decided case by case for each approved event listed in the proposal sheet. These community member selection discussions will happen openly in the WG-Events working group channel in Discord.

Considerations for Community attendance:

• Multilingual (ability to speak with local attendees)
• Akash Technical proficiency (speaking opportunities)
• Previous event management experience (hosted or volunteered at previous events)
• Crypto knowledge (understanding of current industry news/trends)

As defined by the proposal, the working group has listed roles for each event Akash attends. Some events may only require 2 or 3 attendees. The number of attendees will be decided on a case by case basis for each event.

• Event Manager (manages event logistics and operations)
• Speaker (ability to be on panels, give talks or workshops)
• Biz/Dev (connects with business leaders at event)
• Community support (has one or many talents including, speaking, event management, technical proficiency in Akash)

Full definitions of each role can be found in the event proposal document.

Additional Notes:

• 2023 Events signaling proposal was approved in Governance Proposal 187.
• Personal note: While the proposed allocation would be 997,790 AKT split in quarterly allotments from the community pool, from my experience running events for over ten years, I project the total cost for Akash events to be much less than that. Events are not a perfect science and each event will require different needs. But having a budget to work from will allow us to actively participate in community activities we will otherwise miss out on.

Voting:

• By voting YES, you agree
  • Approval for the full funding amount AND
  • Authorize the community pool to disburse 228,972 AKT ($66,402) for Q2 event funding to a publicly visible wallet.
• By voting NO, you disagree that community pool resources should be used for event funding.
• By voting ABSTAIN, you express no opinion on the matter.

AKT Wallet Address: akash1lal8sdqmknk2qchmn8u4f2d2r5u0dm6jhje4u7