Celo Regional Council H1 2025

[CeloColombiano]

Hello @LuukDAO here is our Clarification on Budget and Funding

In this spreadsheet you shared Regional DAO overview - Google Sheets

• Why are you dividing by 5? The budget request covers 6 months of operations.
• You also highlighted: “Should still have funding until April”.

If you remember we submitted our last proposal CeloColombia DAO - Funding and Operations Proposal on October 17th asking for 50K funds to setup the foundations of Celo Colombia and Support the Launch of cCOP with a Scope of 6 months.

In that post the only negative or questioning feedback we received was your feedback as always.

@LuukDAO

Hola @CeloColombiano,
I’m excited about this proposal, especially with the launch of cCop; however, I don’t think now is the right moment to move this to governance because:

• The entire Regional DAO budget for H2 2024 is already depleted
• Starting a cycle now would mean Celo Colombian would operate on a different timeline from potential other regional initiatives.

propose that the Celo ecosystem figure out its 2025 strategy for regional DAOs / initiatives in the following weeks and have Celo Colombia participate in the scope defined from January onwards.
I would support a one-off grant of 10-20k USD for the next 3-4 months to help launch cCOP. However, this full-scale proposal is too large to be passed without a regional DAO budget or clarity on how the program would run next year.
@CeloColombiano, would you be open to rescoping to a more focussed proposal for supporting the cCOP launch and participating in the regular program early next year?

In response to that post we reduced the budget to 38K (10K were asked to setup the intial LP between cCOP and USDT and this 10K will remain there) and the scope to 4 months (October, November, December & January).

After that you still keep asking more questions that we succesful answered including a question about the 10K for liquidty, so we dont know why you always forget about this when quoatting Celo Colombia Mumbers.

@LuukDAO

Gm @CeloColombiano,
Thanks for pro-actively rescoping the proposal. Given the positive engagement so far (and the events already hosted in Colombia which looked great) I will vote YES on this proposal.

I do want to note that:

1. I think it’s essential to work closely with Celatam, there are a lot of positive synergies to explore here!
2. Can you clarify the ownership of the USD 10,000 used for liquidity? I believe this should remain owned by the Celo Community Treasury (and would be returned if Celo Colombia ever stops operation).

Cheers

Proposal was submitted and we got a massively YES 99.1% and 9% Abstain but 0% NO votes and a turnout of 8.015.038 ranking among the highest in Celo Governance.

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But wait…

Celo Colombia history is not new, cCOP proposal have benn pushed by the lead of this initiative @0xj4an more than two years ago first post Proposal to introduce Colombian Peso (cCOP) Stable Coin was made on march 2022 reaching more than 5K views, 189 Likes and 23 users interacting.

Those numbers are much higher than any CeloPG proposal. you can check that going to the section “Top” in Celo Forum, set timeframe to “All Time” and order by # of views or # of replies.

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Second post Retomamos propuesta de $cCOP (Post en Español) was made in October 2022 with more than 1,4K views, 46 Likes and 12 users interacting those are also high numbers for a post that is not in english.

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Third post $cCOP - Initial Liquidity and Marketing Plan was made on October 2023 with more than 2.5k views, 145 likes and 34 users interacting. That post was a big request with big plans and as always we recieive your questioning and feedback, that allows a big discussion and at the end gettin a last comment from @rene_celo supoorting the initiative.

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Fourth post [DRAFT] $cCOP - Initial Liquidity and Marketing Plan was made on February 18 2024 asking for 30K for operations and 85K for Collateral, DEX and CEX Liquidity, this post get no answers, maybe people were tired of trying to make a proposal that never succes.

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All those post have in common is your comments that normally are just the few ones that just keep opposing the succes of the proposal.

Now we managed to pass a proposal not inside CeloPG because CeloPG never supported us, we had to go direct to Celo Governance and after our proposal was succesfully aproved we inmediately started delivering as you can read in our Celo Colombia 2024 H2 Report including the Launch of $cCOP, Colombia’s First Decentralized Stablecoin and also with our efforts and collaborayion with some other ecosytem partners cCOP managed to surpass the emission in mento of the xEOF launched months ago demonstrating the cpabilities of our team and the efficient management of budgets.

In summary we faced a lot of difficulties to get to the point we are now, and the proposal included in our budget for the Celo Regional Council is just a continuation and expansion of Celo Community in Colombia we are sure with the budget requested for the next 6 months we will be delivering much more than we have already delivered.

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And for transparency here is a detailed recap of the execution of our actual budget, we are just finalising the execution of the budget and we need a new budget to keep delivering.

Social Media and Community Engagement

• Website and Social Media Setup: Development and launch of the CeloColombia DAO website, Twitter, Telegram, and Discord accounts, including branding, initial content creation, and promotional activities
  • $2,000 Already delivered
  • Evidence:
    • Webpage
    • LinkTree with all social media links.
• Telegram Engagement: Maintenance of the Telegram for community interaction for 4 months.
  • $1,000 Already delivered
  • Evidence:
    • Telegram Group
• Part-Time Community Manager: cUSD 1,000 per month (cUSD 4,000 total) - Hiring a part-time person to manage online community engagement and social media, ensuring active and ongoing interaction.
  • $4,000 Already delivered @0xflypeztic is doing that work.

Event and Community Outreach

• Local Meetups: Venue booking, promotional materials for 3 meetups in various Colombian cities, laying the groundwork for $cCOP adoption, including staff coordination and administrative costs.
  • $3,000 Already delivered
  • Evidence:
    • Notion Site with all the events
    • LuMa Public Calendar with now more than 114 sucriptors at the moment.
    • POAP Collection of our events starting to be populated with all the POAPs beingminted in Celo (Past events don’t have POAP this is just a new initiative)
• Educational Workshops/Webinars: Content development, logistics, and platform costs for hosting 3 workshops/webinars with a minimum of 25 participants each, incorporating the cost of promotional items to engage attendees and share materials that highlight the proposed initiatives.
  • $3,000 Already compromised and made an advance payment.
• Educational Events and Hackathons: Participate in one hackathon, logistics, and grants, including branded materials and support services. These grants will support developers and entrepreneurs working on Celo-based projects, especially those with potential to drive $cCOP adoption.
  • $3,000 Pending

Partnership Development

• Partnership Engagement: Costs related to identifying and establishing partnerships with local businesses and institutions to promote Celo-based solutions and prepare for $cCOP integration, supporting initial integration efforts and pilot projects.
  • $4,000 Already delivered

Operational and Miscellaneous

• DAO Establishment Costs: Legal fees, administrative costs, and initial setup expenses for the DAO.
  • $2,000 Already delivered
    • Legal Entity already Incorporated.
• DAO Management: cUSD 1,500 per month (cUSD 4,000 total) - Hiring a manager to handle DAO-related tasks, including partnerships and events.
  • $6,000 Already delivered @Crokien is doing that work.

Total Budget Approved was 28K:

• 25K Already delivered.
• 3K Still pending.

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Liquidity Pools

• Uniswap Liquidity: Create necessary LP pairs for cCOP/USDT.
  • $10,000 Already delivered

We keep this separated from the budget because those funds are in the Uniswap LP and will remain there until we think the pool has enough traction that dont need those funds.