0x4fab8ab6…cee8sent to0xecc2a924…6ac9·#21,509,977·view on Etherscan
# RRC-36 Rumble.exchange - DAO Support Proposal
## **Abstract**
Rumble.exchange, the first meme coin-focused DeFi platform on Rari Chain, is seeking 10,000 $RARI tokens to scale its platform. The funding will be milestone-based, supporting development, infrastructure, and marketing initiatives aimed at driving adoption, community engagement, and ecosystem growth.
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## **Motivation**
The Rari Chain ecosystem can benefit from the rising popularity of meme coin markets, which are proven drivers of community growth and user engagement. As the first meme coin-focused Launchpad on Rari Chain, Rumble.exchange creates a unique opportunity to establish a thriving niche and attract new users to the ecosystem.
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## **Rationale**
Supporting Rumble.exchange aligns with the Rari Foundation's mission to foster decentralized innovation and community-led growth. By providing a platform for meme coin trading and NFT integration, Rumble.exchange increases the utility of $RARI while introducing novel use cases and strengthening ecosystem diversity.
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## **Key Terms (optional)**
* **Bonding Curve Mechanics**: A pricing mechanism where token prices dynamically adjust based on supply and demand.
* **Launchpad/Dex**: Decentralized Launchpad/Exchange enabling peer-to-peer trading without intermediaries.
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## **Timeline**
Implementation of proposed initiatives will begin immediately upon proposal approval, with first progress report delivered within 30 days.
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## **Specifications**
**Platform Features**
* Standalone Launchpad utilizing bonding curve mechanics for meme coin trading.
* Integration of NFT functionality for launching and trading meme NFTs.
* User-friendly front-end optimized for seamless trading experiences.
**Technical Infrastructure**
* Scalable back-end architecture with enhanced security and server management.
**Marketing and Community Initiatives**
* Twitter giveaways, trading competitions, and AMAs to grow the user base.
* Educational content, video tutorials, and platform documentation.
* Organic growth strategy focused on attracting genuine users and avoiding short-term reward farming.
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## **Steps to Implement**
To ensure transparency and accountability, Rumble.exchange will provide:
* Monthly progress reports on development, infrastructure, and marketing.
* Transparent updates on fund utilization and milestone achievements.
* Community AMAs to discuss progress, address feedback, and align on goals.
**Phase 1: Initial Development and Launch (5,000 $RARI - 50%)**
* Enhance trading features, improve UI/UX, and integrate meme NFT functionality.
* Cover infrastructure costs (server and maintenance).
* Launch marketing campaigns, including community engagement events.
**Phase 2: 3-Month Milestone (2,500 $RARI - 25%)**
* Release new features based on user feedback and KPIs.
* Expand marketing initiatives and user acquisition efforts.
* KPIs: 50+ Daily Active Users, $30,000 Monthly Trading Volume, and 2,500+ social media followers.
**Phase 3: 6-Month Milestone (2,500 $RARI - 25%)**
* Scale platform operations, security enhancements, and infrastructure upgrades.
* Host competitions and community-driven events to drive continued growth.
* KPIs: 100+ Daily Active Users, $50,000 Monthly Trading Volume, and 5,000+ social media followers.
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## **Timeline**
* **Phase 1:** Start immediately upon approval (1 month).
* **Phase 2:** Complete 3-month KPIs and milestone report.
* **Phase 3:** Complete 6-month KPIs and final milestone report.
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## **Overall Cost**
Total Requested: **10,000 $RARI**
* Phase 1: 5,000 $RARI (50% upfront)
* Phase 2: 2,500 $RARI (25% at 3-month milestone)
* Phase 3: 2,500 $RARI (25% at 6-month milestone)
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## **Multi-sig policies**
* Assuming a 3-member squad, the multi-sig will be structured as 2 out of 3:
**(Forexus, Firefly808, Sidney)**
* Multi-sig address: 0xa110922a5E981e1442f2D519373f94CCd74a4B93
* 50% of the total funding will be allocated upfront to Rumble, while the remaining 50% will be deposited into a multi-signature wallet. Funds in the wallet will only be released upon achieving specified milestones, with approval required from both **Firefly808** and **Forexus**.
