#### Summary

Proponent: Petri Basson, on behalf of the Frequency Network Foundation (the “Foundation”)

Wallet address: f6ZRSAxVFaSY71fXStdaNGvAFwHVEN5S5kFAmfoJxzm7DGF3h

Date: October 14, 2024

Requested Frequency tokens: 10,006,400

#### Purpose/Objective

The objective of the Frequency Community Rewards Program (the “Program”) is to award and incentivize providers to migrate to, or utilize, the Frequency chain for their social networking platforms (“Providers”) and to award and incentivize users of such Provider platforms to migrate their social identities onto the Frequency chain (“Users”).  The overall Program may have several tiers, each with their own criteria and targets for number of Users and rewards to be distributed.  This proposal is only for the first tier of the Program (“Tier 1”). 

#### Overview

●	Providers are subject to baseline eligibility criteria described below to participate in the Program.

●	Approval for a Provider to participate in the Program will be provided by the Foundation.

## Key Eligibility requirements for Users:

●	User must create a message source account (“MSA”) on Frequency with Capacity from an approved Provider. 

●	User must comply with the Program terms and conditions made available by the Foundation (“Program Terms and Conditions”).

●	User must submit a successful claim at claimfrequency.xyz (the “Program Site”) as further provided by the Program Terms and Conditions.

## Key Eligibility requirements for Providers:
•	Provider must agree to certain terms and conditions associated with their participation in the Program and made available by the Foundation (“Provider Program Terms and Conditions”).

•	Provider may only receive a reward for User referral once that User has successfully claimed and received tokens.

#### Proposals
1.	Approved Providers will direct Users to the Program Site to allow them to submit claims for evaluation and payment based on the eligibility criteria.
2.	The Program will distribute the rewards token to Users who submit successful claims at the delivery wallet address the User specifies during the claims process. Tokens may be transferred to Users immediately or after some period of time, based on technical implementation and operational criteria.
3.	The Program will distribute rewards to approved Providers on a periodic basis based on the number of Users referred by that Provider who have successfully completed the claims process and received tokens. 
4.	Rewards tokens for Users and Providers, and the chain transaction fees for those transfers, will be provided from the Frequency on-chain treasury (“On-Chain Treasury”) from the tokens requested by this proposal. Any tokens remaining from this proposal after 100,000 Users successfully submit claims and receive tokens, will be returned to the On-Chain Treasury. If the Program ends before distributing rewards to 100,000 users, the remaining tokens will be returned to the On-Chain Treasury.
5.	No tokens requested in this proposal will be retained by the Foundation as compensation for implementing the Program. All tokens are to be used for User rewards, Provider rewards, or chain transaction fees needed to distribute the rewards.
6.	Approval of this proposal is agreement to the scope outlined above in addition to the token transfer approval outlined below.


#### Timeline 
○	Treasury Proposal: Approved by 10/14/23

○	One or more Providers approved on or before: 11/14/23

○	Program Site live on or before: 11/23/23

○	Tier 1 Ends on or Before: 4/30/24 

○	Remaining funds returned to On-Chain Treasury: 5/7/24


#### Breakdown of Fund Usage/Cost Breakdown
●	Number of Users to be rewarded: up to 100,000 Users

●	Number of tokens for each user with a successful claim: 50 tokens

●	Number of tokens for the referring Provider of each User with a successful claim: 50 tokens

●	Rewards Tokens: (50 + 50)* 100,000 -> 10,000,000 tokens

●	Transactions Fees: 0.016 per transfer * (2* 100,000) -> 3200 tokens

●	Transaction Fee Contingency: 3200 tokens

●	Total Tokens: (10,000,000 + 3,200 + 3,200) -> 10,006,400 tokens

●	All remaining tokens at end of program to be returned to the On-Chain Treasury.


- **Problem Statement & Audience:** Implementing the Frequency Community Rewards Program to incentivize social networking platform providers and users to migrate to the Frequency chain.
- **Significance:** Encouraging migration to Frequency chain, rewarding up to 100,000 users and providers with tokens for successful claims.
- **Proposed Solution:** Distributing rewards tokens to users and providers based on successful claims and referrals, funded from the On-Chain Treasury.
- **Expected Outcomes:** Rewarding users and providers with tokens, covering transaction fees, and returning any remaining tokens to the On-Chain Treasury.

#29 Frequency Community Rewards Program- Tier 1

No Active Proposals