I would like to thank you for reviewing and providing feedback on my Proposal #479, at <a href="https://x.com/TheKusamarian/status/1869321713118593388">https://x.com/TheKusamarian/status/1869321713118593388</a>
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Accordingly, I am hereby resubmitting my proposal by:
1- Revising the market cap milestones outlined in the V-Paper, and
2- Providing further clarifications and highlights on the merits of the project.
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Here is the link to the Draft V-Paper, which remains unchanged from the previous submission, except for the revised market cap targets for the milestones:
<a href="https://drive.google.com/file/d/1aAcDTVe9H4WfAe2e2MkhHQ8FBaJGqS45/view?usp=sharing">https://drive.google.com/file/d/1aAcDTVe9H4WfAe2e2MkhHQ8FBaJGqS45/view?usp=sharing</a>
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As a reminder, the basics of the VCAP token are as follows:
The Proposed Token Concept's&nbsp;
Name:&nbsp;Crypto VC Fund
Ticker:&nbsp;VCAP
Chain:&nbsp;Kusama Asset Hub
Liquidity Pair:&nbsp;VCAP/ KSM
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I assure you that the points I must make cannot be adequately summarized in a TL;DR format, so please read this all the way through. I promise it will be a clarifying, easy, and fun read.
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QUESTION 1: THE MARKET CAP MILESTONES ARE VERY HIGH, ESPECIALLY IN PROPORTION TO THE CURRENT MARKET CAP OF KUSAMA; HOW COME IS THIS REALISTIC?
This is what I&rsquo;m talking about. The point in the Kusama community supporting this project would be to catapult KSM to much higher market caps, similar to what BONK token provided to Solana at the time. SHIB and Ethereum can be seen as the most impressive historical example. TON and TRON ecosystems have also raised certain star tokens that helped greatly with their price-wise take-offs.
But dramatically unlike those examples, our story shall not base upon the overused and ramped down meme concept, but a real breakthrough, a paradigm shift.
You are encouraged to read Clause 2 of the Draft V-Paper; it is the summary of the scholarly article I have written, yet not published, abridged into THE TEN TENETS OF CRYPTOCURRENCIES.
Accordingly, I hereby offer my full commitment and ask you to join this quest for standing out as the one project, one community to break the ever recurring Ponzi scheme cycle in crypto, which has been the ultimate failure of all crypto tokens to date. When we accomplish this feat, we will get the liquidity pair coin, KSM, to astronomical highs.
The revisions made on Clause 6 of the V-Paper, the market cap milestones, DO NOT in any way mean a concession from these ambitious goals; I am adamant on pursuing even beyond them. All the same, I find the feedback I got relevant in the sense that the target market caps based on which the whole project is to advance should be more comprehensive of the contingencies that the project may face in the field.
Consequently, as seen in the revised Draft V-Paper, we decreased:
The Milestone 1 market cap (where 5% of the token&rsquo;s max total supply to get unlocked to generate funds for CEX listings) from $100M to $20M;
The Milestone 2 market cap (where 5% of the token&rsquo;s max total supply to get unlocked to generate funds for VC firm incorporation, management and legalities) from $700M to $100M;
The Milestone 3 market cap (where 30% of the token&rsquo;s max total supply to get unlocked to generate funds for buying the target company stocks) from $1B to $200M.
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QUESTION 2: IS THE TARGET COMPANY GOING TO BE A CRYPTOCURRENCY? 
No, it is going to be a traditional startup company. The whole proposition of the project is based on linking a cryptocurrency to a profit-making, non-Ponzi business, thus converting a crypto token to a legit financial instrument.
Since there will need to be done a good deal of research and curation on the startups database for picking out the good ones that are at the stage of their pre-Series B funding round, for reasons specified in Clause 8 of the V-Paper, such specific tasks may be too much to ask from the community. But of course in any case, the VCAP DAO is to render the final decision. Other than that, I would love to instill an additional nomination by the DAO mechanism; however, the details will clarify in line with the community&rsquo;s level of commitment and participation.
The startup company to be picked will most likely be a relatively high-profile unicorn company to reduce risk and make a worldwide sensation in the industry. For this purpose, one of Elon Musk&rsquo;s companies would be great but unfortunately as of the moment they have all past their pre-Series B funding stage and already at very high valuations to be feasibly invested in.
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QUESTION 3: IT&rsquo;S AN ANONYMOUS NEW GUY, WHAT IF HE RUGS AND LEAVES?
I don&rsquo;t consider myself new as I have been a large investor of DOT since 2022, but that&rsquo;s beside the point since I haven&rsquo;t been active; just been buying, staking, and observing.
As relevant to the topic, I worked in a law firm that consulted on a wide spectrum of matters, including capital markets and venture capital deals. Afterwards, I've had my own customer portfolio of major law firms and companies. As much as I will dedicate my knowledge and experience to the project, I&rsquo;m not intending to use my professional background as an element within the scope of the project&rsquo;s narratives. I am here to do new things, and go beyond.
Anonymity is a long-standing tradition in the cryptocurrency space, with examples like Satoshi Nakamoto and Ryoshi demonstrating the trustworthiness of blockchain technology. The transparency of public ledgers and the decentralization of blockchain networks make government oversight unnecessary, allowing billions (if not trillions) of dollars to be entrusted to anonymous creators. Furthermore, anonymity adds an artistic dimension, attracting people through strong narratives and the intrigue of mystery.
That said, I am open to revealing my identity at any stage of the project if necessary. My only concern is that my real-world identity might fall short of the project&rsquo;s ambitious vision, leading to an underwhelming perception. For instance, would a token founded by a "John Smith" resonate as strongly? Nonetheless, I recognize the importance of addressing concerns about anonymity.
As a safety measure, I had already included a commitment to public accountability in Clause 5 of the V-Paper. Accordingly, my wallet address will be announced, and it will be publicly verifiable that I have not sold any tokens, even if the project achieves very high market caps. This level of transparency will reinforce the project's unique position as a truly non-Ponzi arrangement.
To further appease concerns, I have also explored an additional solution with Daniel (of Virto Network):
TIMELOCKING all VCAP tokens I hold for a period of ONE YEAR, as soon as they are in my wallet.
This measure will make it technically impossible for me to sell or transfer my tokens during that time. While I wouldn't mind locking my tokens for an even longer period since the token is designed to keep, if not further appreciate, its value indefinitely once an exit is made on the target company, I prefer to retain a degree of flexibility for unexpected twists at later stages of the project that may necessitate the use of my tokens in ways impossible to foresee at this time (e.g. an ad hoc regulatory requirement to be ordered by a public authority); but in any case, the ultimate goal of securing the project&rsquo;s best interests is to be prioritized.
I am fully committed to leading this project through all milestones, as detailed in the V-paper, and breaking the Ponzi scheme stalemate that has plagued cryptocurrencies.
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QUESTION 4: HOW WILL THE LEGALITIES AND FORMALITIES OF A SOPHISTICATED VENTURE CAPITAL BUSINESS BE HANDLED WITH SUCH A LOW FUNDING REQUEST? WILL HIGHER FUNDING BE REQUIRED IN THE FUTURE?
This concern has already been addressed in Clauses 6 and 7 of the V-Paper. To highlight: Legalities and formalities will be resolved after achieving Milestone 2, which requires establishing a solid base above $100M market cap. At that stage, 5% of the VCAP token&rsquo;s total max supply will be unlocked, generating sufficient funds to incorporate and manage the venture capital firm, as well as for hiring professionals and carrying out the necessary processes with the SEC.
Similarly, funds required to participate in the Series B round of the target company will be generated upon achieving Milestone 3 (market cap of $200M), when 30% of the token supply will be unlocked.
It is important to reiterate that no additional funds will be requested from the Treasury for these purposes. The project is designed to be financially self-sustaining and to advance based on predictable, predefined milestones.
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QUESTION 5: AGAIN, THE FUNDS REQUESTED ARE MINIMAL, BUT THE PROJECT'S AMBITIONS ARE EXTREMELY HIGH. ARE YOU 100% CERTAIN YOU WON'T ASK FOR ADDITIONAL FUNDING IN THE FUTURE?
I would love to respond with an unequivocal "no", but it&rsquo;s important to be transparent and realistic.
As you might have noticed, it is true that the last thing I want is to ask for funds from the Treasury, and I want to keep my ask as minimal as possible.
The way I see it, the antidote to your concerns for the future is, again, foreseeability. Even though trying various and doing iterations in line with the results are the best way, if not the only way, to move forward any business, we can still establish a framework with impassable lines and set it in stone.
One thing to keep in mind is, this project reaches its financial freedom once it achieves its Milestone 1; so once this project&rsquo;s market cap establishes a solid base above $20M market cap, any kind of external funding can no longer be necessary.
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With that in mind, THE PROJECT'S FUTURE POTENTIAL ASKS FROM THE TREASURY WILL IN ANY CASE REMAIN LIMITED TO THESE 2 ITEMS ON THE FOLLOWING CONDITIONS:
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1) INJECTING MORE LIQUIDITY FOR THE TOKEN:
We are all aware that even a $5K initial liquidity can be enough for a token to eventually get to billions of market cap, there is no limit technically and mathematically since the liquidity increases with each buy. According to our researches and calculations, such a minimal initial liquidity, as asked with this proposal, should do fine.
However, I believe we will need to observe the actual workings of swaps for a while, and see whether the minimality of the initial liquidity may cause any disfigurement in the structure and operability of the token in a way such as to jeopardize the future of the project. The safest way to take is to see how things work out in the field before ruling out any contingency for good.
Accordingly, after this proposal (hopefully) gets approved, and we set up and list the token, and we observe the token swaps for a while and have a clearer picture on their implications, I MAY OR MAY NOT ask for an ADDITIONAL $15K - $20K LIQUIDITY to inject into the token&rsquo;s liquidity pair.
PLEASE NOTE THAT, IF I HAPPEN TO THEN SUBMIT SUCH A PROPOSAL, AND IF IT HAPPENS TO GET REJECTED, SUCH CIRCUMSTANCE WILL NOT IN ANY WAY AFFECT OUR COMMITMENT AND EFFORTS TOWARDS THE MANIFESTED GOALS OF THE PROJECT, AND WE WILL NEVER, EVEN MENTALLY, DEEM SUCH REJECTION ANY KIND OF EXCUSE FOR ANYTHING.
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2) TARGETED X ADS MARKETING CAMPAIGN TO BREAK OUT OF A POSSIBLE PROLONGED STAGNATION SOMEWHERE BETWEEN $5M AND $20M MARKET CAPS
First things first, I will never ask for any marketing budget from the Treasury as long as the token&rsquo;s market cap remains below $5M; we will keep trying by developing better narratives to express ourselves, designing stronger materials, and building closer relationships with Kusama and Polkadot communities. This is how we are intending to get to the first milestone, to the $20M market cap, after which any need for external funding is to become irrelevant.
But if VCAP&rsquo;s market cap happens to stagnate somewhere between $5M and $20M for a prolonged period, I MAY OR I MAY NOT ask for an INITIAL $10K - $20K for trying out various target audiences and marketing materials on an X ads campaign, to observe the result metrics such as CPI and CPA, and see what works best, and how much marketing budget would be necessary to get to the Milestone 1, namely the $20M market cap. Accordingly, then, I MAY OR MAY NOT submit an additional proposal for such amount to be calculated in line with the result metrics, and carry out the X ads campaign if and when I get the additional funding.
Hopefully such a campaign will not be necessary, but if we are compelled to do it, I already have good ideas on what niche audiences to target on X, to get crypto people outside the Polkadot/Kusama community to install Nova wallet and start buying KSM and VCAP.
AGAIN, PLEASE NOTE THAT, IF I HAPPEN TO THEN SUBMIT SUCH PROPOSAL(S), AND IF ANY OF THEM HAPPENS TO GET REJECTED, SUCH CIRCUMSTANCE WILL NOT IN ANY WAY AFFECT OUR COMMITMENT AND EFFORTS TOWARDS THE MANIFESTED GOALS OF THE PROJECT, AND WE WILL NEVER, EVEN MENTALLY, DEEM SUCH REJECTION ANY KIND OF EXCUSE FOR ANYTHING.
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OTHER THAN THE CONTINGENCIES AS DETAILED ABOVE, I WILL NOT ASK FOR ANY TREASURY SUBVENTION WHATSOEVER. THIS IS AN EXHAUSTIVE LIST.
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CONCLUSION:
I believe I have addressed all points that puzzled you about the project.
Please let me know if you need further clarification, I am at all times available to chat on Telegram (@ari_m_m), as I find written communication the healthiest since nothing gets lost in the shuffle, unlike the case with video and voice chats.
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Let me conclude my proposal by sharing some more:
I don&rsquo;t have a day job. I live off of my life savings, converted to cryptocurrencies, bringing forth profits through bear and bull cycles.
I believe in progress and the future. I want the amazing blockchain tech to amount to much more than a toy at the hands of petty scammers and professional Ponzi artists.
We shall walk these uncharted territories to trailblaze new paths together.
And it has begun. I already have amazing techies, designers, mentors with me. Here in Kusama.
I am keen on working round the clock, as I have never been in my life, and all I need is a mutual feeling. An adoption. A perspective that the VCAP token is the bright child of the Kusama coin. Something analogous to a little genius to grow the family business.
Let&rsquo;s do this.
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In consideration of the foregoing, here is the breakdown of the expenses I request from the Treasury:
1&mdash; 160 KSM as initial liquidity on Kusama Asset Hub for the Token's VCAP/ KSM liquidity pair,
2&mdash; 8.5&nbsp;KSM as the fee for updating the Token's information on Dexscreener, as detailed on&nbsp;<a href="https://marketplace.dexscreener.com/product/token-info,">https://marketplace.dexscreener.com/product/token-info,&nbsp;</a>
3&mdash; 1.5&nbsp;KSM to buy domain name for the Token's website,
4&mdash; 5 KSM as one-year X Premium+ subscription fee for the Token's X account.
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Total Requested Amount: 175 KSM

The Innovative Token Concept On Kusama Asset Hub: VCAP - Resubmitted Through Target Market Cap Revisions and Further Clarifications On The Project's Merits In Line With The Feedback

Treasury

The purpose of this proposal is to secure annual funding to cover maintenance, operations, and human resource costs for Polkassembly, an integral part of Polkadot and Kusama governance. This strategic shift aims to ensure sustained support and development, enhance focus on quality and innovation, provide comprehensive reporting and transparency, execute strategic marketing and community engagement initiatives, and maximize common good and address opportunity costs.

Webhook management.

System Parachain deployments.

Popular parachains deployments.

Snapshot management.

Notification management.

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least `amount`.

### Details
NOTE: For record-keeping purposes, the proposer is deemed to be equivalent to the
beneficiary.

### Parameters
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The destination account for the transfer.

## Events

Emits [`Event::SpendApproved`] if successful.

- **Problem Statement:** Addressing concerns and providing clarifications on Proposal #479 regarding market cap milestones and the merits of the project.
- **Significance:** Revising market cap targets to align with project goals and ensuring transparency in handling legalities and formalities.
- **Proposed Solution:** Revised market cap milestones in the Draft V-Paper to reflect more comprehensive contingencies and decrease funding requests for different project stages.
- **Expected Outcomes:** Achieving financial self-sustainability, breaking the Ponzi scheme cycle, and limiting future funding requests to specific conditions to ensure project success.

#483 The Innovative Token Concept On Kusama Asset Hub: VCAP - Resubmitted Through Target Market Cap Revisions and Further Clarifications On The Project's Merits In Line With The Feedback

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