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How projects in a quadratic funding round can lead to success |
Quadratic funding is a great opportunity to get extra funding for your project through the matching pool, but your community’s donations determine how much of the pool you get, with more unique donors getting you a bigger share of the matching pool. That means you NEED to onboard people to donate to your project.
{% hint style="info" %} Tips to having a successful round {% endhint %}
- Consistently post and cross-collaborate
- Spend time onboarding your community to donate and verifying their wallet
- Be very clear on why funding you will be worth it and your progress up to date
- Ensure that your Potlock profile clearly explains what you are working to achieve and why people should donate. An optimized project includes:
- A clear project description.
- A nice profile image and banner
- Regular posts on NEAR Social
- Description of past funding sources
- Links to team accounts
- Relevant githubs (if open source)
- Photos, videos, and/or valid external links to provide visual context.
- A statement detailing how you will use the funds in your application
- Share your Potlock project link wildly across ALL your social media channels
- Consistently update your audience with milestones, timelines, and other relevant information like upcoming X spaces you will be participating, time remaining to donate, & more.
- Provide clear instructions on how people can support you, or make use of Potlock tutorials on how to donate and use Nada.bot
- Provide resources on how x amount of donations will provide x amount of value in your cause
- Cross-promoting with other projects in the round can help get your work in front of new audiences.
- Don’t forget to join the groupchat for your particular round (message x.com/plugrel to get access to this group. Resources, support, and intros for collaboration are going down in this groupchat
On-Chain
- Make wallets, use Mintbase, HERE, Meteor Wallets to onboard your friends to useful accounts
- Onboard via nada.bot Nada.bot/support for any support questions
- If you run into any bugs on Potlock or any questions potlock.org/community
Off-chain
- Contact your family, friends, and communities through DMs, group chats, and word of mouth. Explain that the more unique donors you have, the more of the funding pool you will get matched.
- Ask them to boost your posting by engaging, and sharing even further and them to support your favorite projects, positive sum ecosystems!
- Follow us across all Potlock social media accounts to stay on top of opportunities, we retweet and amplify! We are most active on twitter
{% hint style="info" %} Potlock Social media Twitter, LinkedIn, NEAR Social, Farcaster, Instagram, {% endhint %}
- Paying for donations (outside of funding wallets)
- Intentional botting activity to rig the matching pool
{% hint style="info" %} 🔗 Share this at potlock.org/project-tips {% endhint %}