GMGM everybody hope everybody's having a good morning give me a thumbs up in the crowd if you can hear me
Hey, thanks my man. It's going to give it a few minutes for the room to fill up here. We forgot to show him. Excited to get digging into Pamela. Bit of big fan of water.
what they stand for, what they're trying to accomplish here. Shout out Liam, our old CMO. I don't know if anybody's familiar with him.
Can you hear me okay? I can hear you. Can you hear me? Sure can. All right. I'm excited to get to know that the tell us community a little more and talk about Camilla. Thanks for having us on. Yeah. No, I, um, I, I've been following you guys for a little while and Liam,
is you know pushing me to enter my own thing and I was like you know what I think this is a good chance to like just get down and dirty and talk about what you guys are doing I think it's like I really I love that public goods aspect of it but really excited to kind of dive into it and get to know it better
Yeah, yeah, and Liam he's awesome. Yeah, he's been a big advocate for Camillo in the Telos community for the last couple of seasons and and doing an awesome job in and Yeah, this is being our first season with an actual Telos with the
A tell us pot for tell us project specifically. Great timing. Great time to be digging died and more into it. Absolutely. Is it Andrew and Martin rolling up to Andrew?
He should be. Yes, I don't know if Martin is going to be able to make it, but I, yeah, Martin, Ancher should be joining any moment now. Okay, beauty. Yeah, we'll just wait for him to show up here then. We'll get rocking and rolling. Great to see some familiar faces in the crowd.
Yeah, it looks like a good crowd. Good turnout so far. I'm just going to start it. That's awesome. Yeah, we usually have a few more trickle in here too, as we're going along. So I also record these spaces to you. So I love just kind of sharing them around after the fact for anybody who can't make it. So always super helpful.
as your week been so far Daniel. Oops, yeah, week has been awesome. You know, we're deep in the thick. We're about halfway through the pomelo season. So it's always a busy time for our team when.
When a season is ongoing and it's been awesome seeing the the response so far from the from the telescope community and and again this is this is not just the first time we have the the telescope you for
joining. It's the first time we've had any other L1 community joining. It's the first thing we've had multi-pools in Pemelo. So it's been a real interesting experiment learning experience and I'm really happy to see how it's turning out so far.
love to see it, I love it.
Well, maybe while we're waiting for other folks to roll up, we could just do a click around the introductions for, you know, I do see some new faces in the room too. So I'm the big gooey. I've been working for the TELS Foundation for just over a year now, I guess.
I've been kind of fversely working in there and if T department working on infrastructure and all those kind of things but what's been really cool about working for the foundation is I've just kind of like Weasel my way into a lot of different aspects and one of them has just been being a host and getting to work
learn about new projects that are either in our ecosystem or working directly with us. So it's always a treat to like get to sit down and you know talk about things that either directly affect the NFT side but also like you know exploring what else there is to offer in the environment and you know
Partners that we have elsewhere. So really looking forward to it. Pass over to you Daniel. Cool. Yeah. So yeah, I'm Daniel. I'm CEO of Milo. We've been we're now about we're on our sixth season of Mel we do we run up Melo season every quarter. So we're you know
a year and a half now into the Pomello journey actually a little longer than that. If you consider the time we've spent developing Pomello and the multiple iterations of attempts we took to try to launch a worker proposal type system on the EOS network actually goes
The history of that goes back five years when I joined this Web 3 space in the EOS ecosystem. So it's been an amazing learning experience and I'm really excited that again now we're sort of entering this next phase of going multi-chain.
Love it. Hey, Andrew, what's up? I see you up here now.
Andrew's under the ocean here. Oh, there we go. Nice. How you doing? Get to plug in my microphone. Apparently that's an essential part of the process. It's all good. I'm going there or something. Oh, that was good. That was a little some little clicks.
Yeah, you're good now. Okay, cool. Well, I'll introduce myself. I'm Andrew. I'm the product owner at Pemele, which means that I'm basically responsible for
Trying to drive as much value to the customer so you guys as possible. And that's a sort of a liaison between the customer and the development team.
And I will mention that I was a participant in Pemelo before I joined Pemelo. And so this is an exciting opportunity for me. And I'm very excited to be bringing a familiar to the Taylor's community.
Let's go. That's quite the endorsement to you. They go from applying all the way up to Project Gunner. Love it. So I guess let's start off with the $100 million question. What is Pemelo? Or how would you guys summarize what it is you're doing?
So, Pemelo is a, what's called a quadratic crowdfunding platform for public goods specifically. At least so far in all of our matching pools, they've been specifically for public goods. The quadratic part means that we use
special math basically square roots to reduce the influence of large donations. And then we take that sort of resulting, those resulting numbers and we use that to determine how we spread out a matching pool between all of the grants that have applied to Pomeo.
So it's a crowdfunding plan that democratically distributes a pool of public funds. It puts the power into the hands of the little guys in the community to decide, "Hey, we've got this big pot of money here. What do we want to do with it? What are the things that we care about that we want to get funded?" And I think it's an awesome opportunity
not just for the average citizen of a community to have an influence over how to distribute public funds, but for any participant in the ecosystem that wants to create something good for the community to receive funding and at any level of their journey in
their level of being known in the community. One of the things we love about Camelo is it's considered part of its core benefit is it's like a reputation system so that someone who no one has ever heard of can come into the community, put up a proposal, start raising a little bit of money
by attracting the community to make small donations to it and start building that reputation. And again, with the power of the quadratic funding that Andrew mentioned is the value of the donations aren't what's powerful. It's how those
many of small donations can influence how the big pot of public funds get distributed. So you know, you could, you can, a $1 donation can get it with hundreds or sometimes even thousands of dollars. So as someone making only a very small economic donation, it actually makes a huge impact to the grant owner.
So interesting. I know I know I've had Liam explain it to me a few times, but that was like pretty succinct, I think, in terms of obviously it's a complicated affair. But I I'm curious like I know that
Liam had mentioned to me that Pomello is very much centered around public goods. Could we dig into what you guys mean in terms of a definition and what are public goods in terms of Web 3 as well?
Yeah, sure. So public goods in this context are referring to things that are, well, the technical definition is non-excludable and non-rival risk. But non-excludable is pretty straightforward. That just means you are not excluding
anyone. That means you are not requiring them to pay anything, which, for example, would be one way of preventing somebody from consuming that public good. Open Source Code, for example, is a public good because it is available for free. Anyone can use it. There are no artificial limitations.
on who was able to use it. And the other part is a little bit more confusing non-rival risk. That doesn't mean that there's no competition within, say, your platform. Rather, non-rival risk means that one person's consumption
of the good does not reduce or remove the ability for another person to consume the good. So if there is essentially infinite scalability on your on your good and that seems like a very high bar so maybe that's not the best way to put that.
But if you are not sort of, if you're not sort of pitting people against each other, then that would qualify as non-rival risk. There's not a limited supply of the thing.
No matter how many people use the thing, there's always more of it available. That's a better way of putting it. Thank you. Okay, so like in terms of the product that you're building, there isn't like scarcity baked into how people can acquire it. Right, for example, giving out free NFTs.
might be non-excludable because people are getting it for free, but their rival list, rival list because there's only a limited number of those NFTs available as soon as all of those NFTs get claimed, now there's no more left for anyone else to be able to claim. So that would
That would qualify for non-excutable, but it would fail to hit the bar of non-ratherage. So, you know, open source code is a great example of something that meets both criteria because as many people in the world who want to can fork an open source code repository or take that building block and use it within their own thing that they're
building and it doesn't prevent anyone else from being able to do that the same. Same with things like free educational content, you know, YouTube videos, you know, journalism articles, free content that anyone can access, you know, in an unmuted way, that is a perfect example of something that qualifies as a public
And so I guess then again this might be a stupid question and I already know the answer but for anybody in the crowd like what's the importance of a public good like how come? How come I shouldn't just go down the you know brutalist capitalist and make as much money as I can in Web 3 here?
like what's the value prop of funding public goods? I think the biggest thing to realize about public goods is that because they are consumed by all and because there is no specific stake
holder who is responsible for funding it. Frequently public goods go underfunded or unfunded or they are funded by entities with whom there are, let's say, conflicts of interest.
So let's take the example of like the FDA being paid by the companies who are trying to get their products accepted by the FDA. That creates a conflict of interest. So it's a big coordination problem of how do we get all of these people to support
support things that help everyone when each individual's contribution does not actually influence their ability to consume this public good. And so traditionally what's been done is just like taxes and then you hope the government actually provides that public good. And the idea behind Pemelo is
is another quadratic, so similar to Gitcoin, other quadratic crowdfunding platforms that are focused on public goods, is that this allows us to actually measure people's preferences as far as which public goods they think are the most important. And as far
was focused on the Web 3 and blockchain ecosystem. Blockchain is kind of, it's not, there is some aspect of public good within blockchain because you're using a
public network and there's no central company that is benefiting from your use of that public network. So blockchain itself is kind of an attempt to solve this public goods coordination problem. And then Pamela was another attempt.
Yeah, without public goods, a community can't function. So like if you if you look at for example the traditional legacy system, the web, the meat space, the web to space, things like roads, you know, plumbing, there's all these all this public infrastructure that exists that allow
society to function that people expect to be able to just use for free or they're paying their taxes to cover that. But if anyone participating in that community can walk on the sidewalk, there's no fee for them to be able to do that. The same is true in the Web 3
space, you know, think of things like, you know, to be able to use a blockchain, you need public APIs, you need wallets, you need, you know, educational content, things like that, things that people typically don't want to pay for. They just want to be able to download this wallet and start using it for
We start interacting with a blockchain. Developers are building applications on a blockchain need libraries and SDKs and things like that to be able to enable them to build the products on these blockchains. And imagine a world where none of
building blocks existed every single application you build on a blockchain. Every team has to build from the ground up every single piece, reinvent the wheel every single time and that prevents progress, creates a bad experience for the community trying to interact and that's actually what we saw in
the EOS community in the early days and kind of what inspired us to bring Pomello to EOS in the first place was that, you know, the public goods that EOS needed, which is again, where Pomello came from in the first place, they weren't getting funded. And what we were seeing was the
community leaving, you know, the developers who had the ability to build these goods had no means to fund their teams to continue building these goods. So they seeked other communities where that opportunity existed and moved their businesses there. And then
Once this problem was solved for the EOS community, we saw a huge turnaround. Suddenly, there's opportunity for teams and developers to get compensated for the work they're doing building these things that the community needs. And then now that we have these teams building these things, these things aren't here to use.
and now the ecosystem is that much stronger because now we've got these building blocks, it's easier for the next team to build the next thing that they want to build and the average participant in the community has better tools and the better experience to be able to participate.
Yeah, I think that's a great summary. And I think for a lot of like a lot about Pemelo that excited me when I got talking to Liam about it, is it feels like very much a return to that core concept of what crypto really promises. And you know, I'm sure I don't have to tell you guys how you know, corporatized and how much money really
the space. So to have these abilities to create, you know, essentially public infrastructure that we can be standing on the shoulders of each other to build upon, like there's got to be that snowball effect in terms of, you know, I'm sure at some point you're going to be using somebody's open source code that was initially from, you know, one of the former CZC
is a pomello and not even know it, but I think that's kind of the whole point is that the more that we open source all of this stuff, the quicker we're going to get to like the deeper innervation that we're hoping for and because it's built on public rails like that that's more fairly distributed across like who's actually going to
to seek to game from it? Am I close on that? Yeah, I was just saying, and I believe there will be some other things. This sort of grass roots mechanism and I think for any truly robust, complete ecosystem, you sort of need both this top down approach that funds the big
need strategic initiatives for the ecosystem, which the foundations and most of the L1 blockchains play that role. But at the same time, there's all this energy and ideas, and there's all these things happening at that grassroot community level that oftentimes the foundations don't have a line of sight
to. And the VCs don't have line of sight. They're focused on these big meaty problems. But what Pomello does is gives those grass root sometimes wild ideas that no one would have ever thought would have been valuable the opportunity to start testing them, building a little
bit of support around them, raising a little bit of money, building that first, you know, small version of it, coming back the next season, raising some more funds, building a little more up, and over a few seasons, you've got actually like a good proof of concept of that thing, and maybe you now attracted the attention of that big foundation or
the VC and now you're getting that combination of the grassroots funding and that top down big meaty funding. So something that I often tell newcomers to Pamela who maybe are a little discouraged that hey this is my first season and I really didn't hit the target I was going for. I didn't raise a lot of money.
That's pretty natural for someone coming into Pumalo in the first season. And the idea is that's that's that's fine is you now you've got your foot in the door. The community started to get to know you as a as a project owner and your idea and now you have a little bit of fun and you can start building on and you can come back next season and show the progress you made. Keep building on it over a
few seasons and then real the big prize at the end is again not that the little funding you receive through a mellow or a few seasons it's the the opportunities that you're opening up for yourself to get even more funding from from you know either foundations or VCs or whoever else discovers your idea through the process of participating
Yeah, absolutely. I see my co-host as usual Jake is up on stage here. What's up Jake? Hey, how are you guys doing? Sorry, I'm jumping in a little late. But yeah, I really like what you just said, Daniel. I think also a point to you that I'd like to make is, at the end of the day,
The not only you were talking about how coming back season after season you're really building up your brand, you're really building up your identity and you're you're getting more eyes on you and you're basically growing who you are in
in that mellow community and I think at the end of the day to those supporters that you meet and gain along the way are really really beneficial for whatever project you're trying to build and so I really like that aspect of pomelo that you can come back season after season
and really just grow your reach and grow users, you know? I think it's really cool. Yeah, it's almost a way to preemptively onboard users or at least preemptively onboard people who care about what it is that you're doing.
Yeah, I think that's so important, especially for someone who's just starting out, or, you know, if you have a really good idea that you want to get out there, it's...
That's really cool. And it's great for the matching partners too. So again, we talk to this, there's this big pool of funds that people are participating to try to get the community's support and to get a piece of that. And those funds come from matching partners.
So again, this season is the first time we've got a matching pool from the Telos community. And that came from really the community. We use it. We put up a Telos works proposal and the token holders from Telos voted in favor of it. And that's how the
this first time Tell Us Pool was established. And what we're seeing now is there's this cross-pollination happening of projects that we're participating on the EOS side of things. Now seeing this new opportunity to get funding from
for their public good from the Telus pool. And now they're, you know, I think, okay, there's this Telus pool, the criteria to be, to be accepted to this Telus pool is I need to create value for the Telus community. So how can I
take this thing that I'm building and make it valuable for the Telos community. And you already started working EOS and we're all on Antelope, it's all the same code base. So you can take this open source thing you build for EOS, put it in your in this Telos pool, tailor it
more to match what's needed in the Taylor's community. And now the Taylor's community now has more builders building things for the Taylor's community. The people earning these funds are now getting our receiving these Taylor's tokens.
So there's the tell us token is now in the hands of more broader community members. So it's a it's a great opportunity for communities to use Camelo as a way to sort of build a community around the project, get people building.
more for their project. And then as a result, because it's all in one platform, you get this great collaboration across platforms of people bringing their public goods across to these other communities to take advantage of the incentives there.
Well, I feel like that's such a hidden opportunity that people don't always see initially in the space. It's one thing to get some funding, but you need supporters and you need to build out a community around what it is you're doing.
arguably the most important thing because like one, you could build it, but who's going to use it at the end of it? Right? Like it just because you built it doesn't mean, you know, usership is kind of a given. And I think if you've been able to thread the needle between, you know, creating or reinforcing a community around what
it is you're trying to build that's a public good and then have those people who use whatever it is you build after. That's kind of this like perfect feedback loop that you can like Jake was saying like you know iterate on on following comellia seasons or like there's so many different avenues to be pursuing ways to get
your stuff funded that it really behooves you to check them out and try it so that you're getting your product in front of more eyes and potentially more users who are going to give you more feedback on how the thing actually works. Yeah, and I'll just add for context that
While Pomello is focused on public goods and funding from Pomello, at least for all the current matching pools, should be going to public goods, that doesn't mean you can't have a product that offers private goods. So freemium models, for example, those could potentially be
depending on the details could potentially be considered public goods. But basically, we're not trying to prevent people from creating a thriving business. The idea is just that whatever funds come from Pemelo should be used for public goods.
Yeah, and again, we see a lot of and what we've seen this incentive create a lot of benefits again for the communities because you get with this incentive of hey, you can get funded if you're public good. You get these, you know, let's say there's a private app that has fees to use that wouldn't qualify as a public good, but they have some
very interesting technology that they created that powers this private or private fee based business really that they have. And what they can do with Pomello is rather than create a grant for this private, you know, let's say it's a game that an action.
I'm going to steal Andrew's analogy that he gave on a recent Twitter space we were on. Unreal Tournament. It's a game. You have to buy it to play it. That's not a public good. But within Unreal Tournament, there's the Unreal Game Engine that's open
source and now you see thousands of other games using that that hope and source public good that is what has powered on real tournament the game and we're starting to see the same thing now more and more of that happening in the in the communities that that leverage Pomello
And before Pemelo is around, people were kind of working in silos, keeping all of the technology to themselves in this very competitive sort of mindset. And now with these incentives, it's like, okay, this building block I created for my private game is actually very useful in other games.
be able to benefit from this thing. So I'm going to make a grant for that open source building block and they're successful in raising funds. And then the next season you start seeing other teams actually leveraging that building block to accelerate their progress on their journey.
One one thing I'll mention is just being a little bit pedantic, but I did look it up afterwards and Actually, it's not open source. It's visible source and they have some sort of licensing deals. Technically, that wouldn't be a public good. Well, imagine it was. Yeah, exactly. Imagine it was.
So maybe this is a good time to cut into. So like what's the application process look like for Pimela? I'll say I've got a hot idea that I think is the public good and I want to get cracking. What's the process of getting the application in and moving
it towards being funded. Go to pomello.io, click the green, big green, create grant button. Fill out a quick little application, describe, make sure, you know, the, so there is an approval process. Our team has to review it. And basically all we're reviewing for is does it meet the criteria of the pool you're applying for? So you're going to have to, we have multiple
multiple pools in Pomelo this season. There's the Talos pool and there's a few Yosfocus pools. Just make sure as a grant owner you're reading what the acceptance criteria is and basically it's a public good and if you want to participate in the Talos pool it's this public good benefits directly the Talos ecosystem. So make sure in your
your grant description, you're describing how you meet that criteria. Submit your grant, join season button, and then our team will review it, and usually within a 1-3 business days will either approve it if you clearly explain the public good, if you haven't, if there's maybe
sense like I don't quite know if this matches as qualifies as a public good will actually send you an email with some guidance on hey we can you clarify this section to make sure that it actually qualifies and and then you can resubmit your your changes and then as long as you need the criteria you get a
improved and people can start donating immediately to your project and you can start sharing it. A good way of, again, because of that, the nature of Mellow and how, again, you want a wide distribution of many people supporting you. That's the more successful you are if you have lots of people donating
to your grant, bring your community with you. So if you're an existing project that already has, maybe you've got a telegram group full of supporters, share your grant to them, bring them over to Pomello and get them to start supporting your grant and it'll make you more successful in the long run.
And applications are still a little right now. We should still until the 21st. Anyone, if you're listening right now, you're like, "Hmm, I have got a project that maybe I can make qualifies a public good. You still have time to participate this season."
Yeah, I'm just pros in the the tell us ones right now. It's nice to see some familiar faces, you know shadow at neo I see culture block on there with their antelope Chronicles like it's really cool to see like you know just people already taking this up Yeah, definitely one thing
I'll add on the on the grant application side. One thing that's very helpful for us is if you highlight the specific use of the Camelo funding. A lot of people are doing a lot of things. It's totally it's awesome to be sharing all the stuff you're doing. We just need to make sure that the specific funding
from Pemelo is going to public goods. So if you're highlighting some of your private goods, that's fine, but you just need to let the community know that the funds that are being raised will be used specifically for the public good. Yeah, that's a good tip. Like going back to that Unreal Tournament example, if you're creating a grant for the Unreal Engine,
focus the description of the grant on that Unreal Engine and how it's building block and how other games would be able to leverage it. And then you can say, "Oh, by the way, we are the Unreal Tournament team." You know, this is Unreal Tournament is
the game we build, that's leveraging this building block, but make sure you make that should be more of a context to provide details about the team and the experience, but make sure you're really focusing and being very clear that the thing I'm raising funds for is the
this building block and describe that primarily rather than, you know, if you are in a situation where you've got a private fee-based application, that should be more the secondary context.
So I guess you guys have you know we're on season six already what what advice if you can give any do you think goes into a successful grant application like what what are you seeing our
are the kind of nuts and bolts of the ones that seem to be getting the most donors, the most amount kind of raised from those donors. Curious what goes into like making the sauce taste good here.
I think one piece of it, one thing I've noticed is that the people who are very specific about like the implementation details or whatever they're
project is, people seem to have much more trust for those because presumably because they feel like it seems more thought out and actually achievable.
Yeah, and I say even more powerful is like obviously the more well known you are the more that the community already trusts you and you have a track record You're gonna be more 60 oh so the the the typically the the top earning grants are the ones that have that existing community
who knows and trusts and loves the work they're doing. So again, that's why I always say don't get discouraged if you're an unknown grant owner and you're coming in the first time and you don't earn a ton. That's natural because you need to attract the
trust and attention of the community to make a donation so that they allocate to you. So really the number one thing to make you succeed is deliver on your promises. And set realistic goals, especially when you're new.
When you come to create your first grant, again, come in with the expectations that maybe this is my first time I'm not going to make a ton of money. So set a goal, you know, small incremental, you know, I'm going to make it this little thing and I'm going to come back next season.
And I'm going to show you that I delivered what I promised. And then that next season, if you are able to show, hey look, I fulfilled my promise. You start getting this snowball effect of more and more people trusting you and wanting to see more progress and donating you more and more every season.
Well, I think it's it's a reason here too. You know, it's a community oriented project like you have to be part of a community. If you're going to be asking for any kind of support, you can't just be showing up from a vacuum, expecting that just because you've got to kill her.
the most killer idea, but if like you said you don't have a track record of you know people trusting you or any kind of visibility within the community you're not really doing yourself any favors here. Yeah and make yourself visible so if you are in a situation where hey this is my first season you obviously don't have that luxury of having that
But take all the opportunities you can to start building it, having your face shown. So we've got these pitch sessions that we do every week, for example, on Twitter spaces that once your grant is approved, you'll get an email saying, with a link to, here's how to sign up for our pitch sessions.
We see some of the donors of strategies that I'm only going to be donated grants that showed up to these pitch sessions and showed their face and prove that they're a real human with a beating heart. And so take every opportunity you can to participate with the community.
Become hang out in the telegram chat, talk to people, comment, you know, give people feedback on their grants, maybe make some donations to other grants. The more you participate in the community, the quicker you start to make an aim for yourself in that community.
such a great point. Sorry, Jake, I keep rolling you here. Oh, no, it's okay. Yeah, I know. I was just going to say those are all really great tips. I was also going to add on, you know, in addition to setting attainable goals, I also think being very transparent with your community is really important. Updates are always
always always needed in order for like the community to see like what you're building and kind of what direction you're taking it and how you're going to use the funds. I actually have a background in crowdfunding not Web3 crowdfunding and I always found that it was really important to just you know like you mentioned get out in front of the community and just kind of
speak on what it is that you're doing and kind of where you are in terms of like the progress. I feel like it's very, very important and it's just a great way to gain more supporters and keep on doing whatever it is that you're trying to do or at least get to a point where you can build what you want to build.
Love it. Well maybe maybe this is a good time if anybody in the crowd has any questions, definitely feel free to come on up and ask either Daniel or Andrew, you know what's good. I'm already you know this has got me excited. I think I'm gonna dip my toes into the season six here now that I kind of better
understand the mechanisms, I'm going to put a bit of time away. I can't express enough how much I love. I come from a labor organizing background myself, so the idea that grass roots are getting stuff done. It feels like a slower start sometimes, or
a bit of a grind, but like the fruits that it bears in terms of like the longevity of what it is you're choosing to accomplish. Like, you know, VCs are very like fair weather if you can get it and you know liable to pull in and out, but if you've got this really broad base of people who support you and believe in you like that's
That's worth more than you can kind of put a price to. I'm so, especially in the depths of where we are right now in crypto and it seems like everybody's at our throats. This is just such a refreshing thing to see that you guys are running four times a year. For me, it just feels like such a return to life.
like what crypto is trying to promise and can really deliver on in terms of, I'm sure you guys have seen some really smoking grants come out of the Pemelo seasons. Yeah, 100% you nailed it. So like, I often tell people again, the funds you raise in a Pemelo season is great to get money, but I would say it's the even
And the more valuable thing is that reputation and the community that you build around your project that is much more long lasting than the, you know, the pool of funds that you gain, gain it would be given season. And sometimes on that point, sometimes, you know, so as a quadratic funding platform that has this incentive
for really there's this civil attack vector to consider with this or anything. The more people that donate to a grant, the more money that grant earns. So that's an incentive for someone to cheat the system. It's against the rules in Pomelo to create multiple accounts and donate to them.
And we conduct an analysis at the end of the season and watch for that sort of, we have multiple ways that we can detect and take action on that sort of thing, including having the community participate in helping us identify that. And what I often tell people is that
Again, you're burning the long-term opportunity to benefit from a short-term, the long-term value from how it was building a reputation over a season. If you spoil that because you want to cheat to get a little bit of money this season,
And you get caught, and oftentimes the people who do this do get caught, and they end up not earning any of the money from the matching code. They get disqualified. Now they've just burned the reputation, and now they're missing out on the real value of Mellow, which is that reputation that you can build overseas in overseas.
Yeah, number one rule, they'll be greedy and I think you know as somebody who's got a few years in the crypto game now it really like I think does anybody well who is seriously about building to look over you know the span of years rather than then up and down cycles here because
You can make a fortune and you can lose a fortune, but I think there's really something to a sustained bill across time. Like we keep hammering on, the more that you're able to roll up a community as you move along to support you, it's just invaluable.
like anybody in the room listening that is curious about building or wanting to even potentially go and check out the grants and become part of these communities as well because I think that it's one thing to be the builder but it's another, like you said, being the chats, I think it's a wonderful platform to have pitch
pitch Twitter spaces so you can really like humanize people to talk about the projects as well because I feel like that's such a missed opportunity for a lot of people you know they they build it and then they can go and promote it on Twitter but there's there's just something about when you hear somebody explaining their project bug either the conviction in their voice or explaining their story
story up until that point. I think those are the intangible things that really get missed by some people when they're looking to raise funds. I think in terms of how I've thought about building even my own community, you have to be connecting with them in an authentic manner as well. I think that you guys have really
provided this really killer platform to like kind of do all those things even if you don't understand that you're doing them all at the same time. That's awesome. Thank you. Yeah. And one one thing that I'd like to point out as far as grassroots funding goes, it may be slower than sort of
of maybe VC funding or traditional funding mechanisms, but it's important to remember that fast growing trees tend to be soft wood and they tend to grow very quickly and then fall. Slow growing trees tend to be
hardwood tend to be very strong trees. It's kind of a little bit of a forced metaphor there, but the idea being it's totally fine to sort of grow whatever your project is kind of one incremental step at a time. In fact, it may
allow that platform to be more sustainable because instead of sort of going immediately to scale, you get the opportunity to work out all of the little details before getting to that point. So don't get discouraged. Yeah. Great metaphor. Great metaphor.
Be the be the old growth for us guys. Um, well, is there is there anything kind of else I missed here or you want to get out in front of the tele-sodding into here before we wrap it up? I want to make sure you guys have got like every opportunity.
you get it in front of these guys? Yeah, one thing, we sort of went over it in the last Twitter space, but I think it's important to understand sort of what the hero's journey of Pemelo is. And by that, I'm sort of referring to the idealized
story of what a Pomello user could potentially go through in Pomello. The idea behind it is we want to give anybody in the world the opportunity to have an idea that is benefiting a bunch of people.
have the opportunity to get funding for that idea, have the opportunity to implement that idea, apply for more funding, grow, eventually move up to one of the sort of some of the more formalized
grant opportunities and using Pemelo as sort of proof of their work. And then eventually, if their project becomes successful, they can join as a matching partner and try and cultivate public goods within their ecosystem.
So there's sort of this idea of, I've always been very inspired by blockchain specifically because of that ability for any person anywhere in the world to essentially
come up with some code, publish that code, and create something valuable for the rest of humanity. And I'm very excited that Pamela seems to be moving towards that as sort of the structure of how someone will experience it.
- Love it. Jake, you got any last questions you want to get in? - No, I don't, I don't. But I'm really excited to take a look at what else is on Pemelo. This is not my first time hearing about it, but my first time really taking a deep dive into the platform.
Like I said, I'll be on there and I'll probably support a few different projects. Yeah, awesome. And check out the collections too. That's one thing we didn't touch on. There's I got multiple ways to participate in Pomello. You can you can be a donor. You know, I'll go
explore all the grants out there and donate to the ones that you want to support. And again, think of your donation almost more of a vote than a donation because again, a one, I think we have a five tell us is the minimum. So just donate, but you can make a minimum donation if you want. And that echo
could end up getting mashed a whole lot and making a big difference for those projects that you support. But then you could also, you can create a grant if you want, try to raise some money for yourself, or you could be kind of a curator. So we have this feature called Collections where anybody with a Pomello account can
pick the projects that they want to see and support and put them into their collection and there's a place that you can browse these collections and if you're someone who rather than wanting to read every single individual grant application, maybe there is a
Collector who you have a lot of respect for and trust their judgment and you know that they have a very unique perspective in a specific niche, you know, maybe they're very highly technical and they've created a collection of their most their favorite grants that
that are actually technically feasible and that they actually have a lot of value. And I trust that person. So I'm going to just donate to all the grants and that person's collection. And at the same time, as a collector, there's another opportunity for you to build a reputation. You come over multiple seasons and you
create good collections of good grants that show they're all making good progress overseas and is showing that you have a you're a good judge of good grants. You could earn or start earning a reputation without even making a single donation or creating a single grant.
love it. The layers of being able to interact with this in terms of a donor, curator, or grant applicant is, man, it's just so deadly how well this has thought out. I just love it. I want to
Thank you both for coming out and giving your time to talk to this. Anybody in the audience, the email or the URL is pomello.io. I really urge everybody to check it out. It's up in the jumbo trow and above here too. Got some links to some
tweets there. And again, thanks so much for coming out today, guys. I really appreciate it. It's been awesome. Thanks so much for having us. Yeah, thanks for having us. Love the opportunity to chat with the whole telescope. It's awesome. And a great turnout. Thank you everyone here who's turned out to listen to us.
Absolutely, and please keep me notified on the pitch meetings I'd love to drop in and check those out. Yeah, for sure. I'm happy to connect with Martin. Martin is the man on the ground.
I'm leading those pitch sessions and doing a great job and like I said, we do them every week. So lots of opportunities for people to expose themselves to the broader comellia community.
Awesome. Well, I hope you guys had a happy Friday and I'll catch you soon. Take care. Thank you guys. Happy Friday, everyone.