Polkadot Hungary is a DAO that has been a cornerstone in the development and promotion of the Polkadot network within Hungary. Founded by Six, the Regional Head Ambassador for Polkadot, the organization has been actively involved in shaping the local blockchain community since 2020. Polkadot Hungary DAO not only plays a pivotal role in fostering the Polkadot ecosystem but also contributes significantly to governance, education, and community-building efforts on both the Polkadot and Kusama networks.
The Vision of Polkadot Hungary DAO
Polkadot Hungary DAO envisions Polkadot as the Web3 standard, mirroring the decentralized and unstoppable ethos that Bitcoin first proposed. By supporting technical and venture-focused referendums, the organization seeks to drive global positive change, ensuring the long-term sustainability and growth of the network. At its core, Polkadot Hungary embraces a solarpunk vision where technological advancements are used to enhance individual freedoms, empower people, and reduce reliance on centralized systems. This aligns with their overarching goal of creating a decentralized ecosystem where innovation and inclusivity are paramount.
Governance and Decision-Making Process
The governance structure of Polkadot Hungary DAO is rooted in a meritocratic yet pragmatic approach to decision-making. The DAO operates a multisig wallet, through which key members actively participate in the Polkadot on-chain governance system, OpenGov. This allows the DAO to vote on Polkadot referendums, ensuring that the organization’s votes are aligned with the community’s best interests. The Polkadot Hungary DAO’s governance process is characterized by transparency, accountability, and a thorough evaluation of proposals.
Decisions within the DAO are made collaboratively, with weekly internal calls to discuss proposals and technical developments. This ensures that all votes are well-informed and backed by collective expertise. The team is committed to maintaining a high level of involvement in Polkadot’s governance, ensuring that only proposals with clear value propositions and sustainable business models are supported.
The Role of Polkadot Hungary DAO in the Ecosystem
Polkadot Hungary DAO’s activities extend beyond governance participation. The organization has been instrumental in organizing numerous Polkadot-related events, including over 30 meetups, two Polkadot Championship Hackathons, and the flagship Polkadot Day during Budapest Blockchain Week in 2024. These events have helped to solidify the organization’s role as a key player in the local blockchain scene.
The DAO also runs a nomination pool for staking and is a prominent advocate for Web3 education. Through its website and Telegram channel, Polkadot Hungary DAO provides the Hungarian community with valuable resources, news, and insights on the Polkadot ecosystem. The organization is committed to educating its members on Polkadot’s mechanisms and helping them navigate the complexities of blockchain technology.
Additionally, Polkadot Hungary DAO advocates for sustainable network growth. The DAO has voiced concerns over current marketing strategies and believes that the network’s funds should be used to support sustainable business models rather than one-off sponsorships with questionable outcomes. They are more supportive of partnerships that have tangible long-term value, such as those in the vein of Heroic.gg, over less strategic ventures like sports sponsorships.
Key Members and Their Contributions
The strength of Polkadot Hungary DAO lies in its diverse and experienced team. Core members include Six, Gabo, Wigy, Vikk, Zsófi, Spectra, and Vonyi. Each brings unique expertise to the organization, from technical development to community management and governance.
- Six, the Regional Head Ambassador, initiated the DAO and has been a driving force behind its activities.
- Wigy, a former core member of the Substrate team at Parity, brings invaluable technical experience to the organization.
- Eapo is a seasoned advocate of Web3 values and decentralized technologies, contributing strategic insights to the DAO.
- Gabo is an experienced Polkadot Ambassador and co-founder of G6 Network, playing a key role in event organization and community outreach.
- Spectra brings DAO management experience from his work with Aragon and is also a Board Member of the Blockchain Hungary Association.
- Zsófi has a decade of experience in organizing tech-focused events and served as a hackathon and program manager for Parity Technologies.
- Vonyi has been active in the Kusama community and has a deep understanding of Polkadot’s governance structure.
Together, these members form a well-rounded team with a collective goal of enhancing Polkadot’s governance and fostering a vibrant, knowledgeable community.
The DAO’s Approach to Voting and Governance
Polkadot Hungary DAO takes a careful and strategic approach to voting. The organization supports proposals based on several criteria, including:
- Retroactive funding over upfront funding, ensuring value is delivered before payment.
- Native apps with multi-chain features over non-native multi-chain apps, emphasizing interoperability within the Polkadot ecosystem.
- Competitive price research as a prerequisite for proposals to avoid overspending or underestimating costs.
- Proven teams with a track record rather than new teams without tangible results.
- Transparent reporting and clear KPIs to ensure accountability and adaptability.
- Ecosystem synergies over isolated project impacts to foster long-term growth.
- Clear revenue models for sustainable financial independence.
Polkadot Hungary DAO is committed to ensuring that decisions align with the long-term health of the Polkadot ecosystem, fostering competition and innovation, and creating a robust and decentralized Web3 future.
The Importance of Collaboration and Networking
Polkadot Hungary DAO recognizes the importance of networking and building relationships within the broader Polkadot ecosystem. The organization believes that collaboration is key to driving the growth and success of the network. However, it is also aware of the potential pitfalls of focusing too much on popularity and reputation. Polkadot Hungary DAO aims to prioritize expertise and merit over populism, ensuring that the most capable teams and proposals are supported, regardless of their public profiles.
The DAO is also keen to support experiments on Kusama, advocating for the use of Kusama as a testing ground for new features and innovations before they are deployed on Polkadot. This aligns with the DAO’s broader philosophy of sustainable and strategic network growth.
Conclusion
Polkadot Hungary DAO is a critical player in the Polkadot ecosystem, with a strong commitment to governance, education, and community-building. Through its focus on meritocracy, sustainable growth, and strategic decision-making, the DAO is helping to shape the future of the Polkadot network. As Polkadot continues to evolve, Polkadot Hungary DAO’s role in the ecosystem will only become more significant, driving innovation and fostering a decentralized, Web3-driven future.