This 200k ACA is necessary for development. We require approximately roughly $50k for auditing, which we will cover ourselves. The development is aimed at enhancing the utility of Acala’s LDOT, and the amount we are requesting is less than the audit costs. We hope you can see this as our commitment to the project.
Regarding development, we have already built nsASTR and nrETH. For nrETH, Ether.fi is our partner, and their members are also investors. What you’ve mentioned has already been detailed in the forum, so we kindly ask you to review it there. Thank you
You want 200k $ACA for what exactly? You propose development but comment audits.
So many „projects“ lately asking for grants without having a proof of work or financial & time planing. I won’t aye any of them. I won’t let someone drain the treasury this way.
entrepreneurial risks upfront shouldn’t be socialized if you don’t have your profits socialized as well