Thank you for tagging me @Midhav.
For transparency purposes: The API3 LatAm team, with the recent re-emphasis on burning conservation, has decided to make a proposal that will replace and go above and beyond the work of the current Marketing team for the next cycle/s.
The API LatAm team comprises people who already create content, design, and market for household named crypto organizations and backend and front-end developers who can develop Airnode PoCs that complement and emphasize the core technical team’s undertakings. We will continue to work with the teams outlined in our previous proposals and potential collaborators who wish to help.
We are planning to represent API3 at Devcon in Bogotá and Eth-Bogotá. We are currently working on a Devcon campaign, with personal budgets, that will act as a PoC to show what we can deliver for the API3 DAO moving forward in a Marketing team capacity. As we move toward the next cycle, future marketing plans and details will be released.
Moreover, since conserving USDC burn rate is the main issue in this bear-market, our future cycle proposal grants will be a fraction of the cost compared to the current Marketing team’s grants.
It’s important to note that the current marketing team’s budget, on average, asked and was approved for approximately half a million USDC every 6 months. The Marketing team has historically been the biggest USDC grant recipient that is non-technical. Therefore, in this bear market and moving forward, the API3 DAO must cut out the spending that Marketing has had and is not vital to product development.
The LatAm team intends to show that API3 DAO can be far more productive in marketing with less funding with a complete overhaul of the current Marketing team. In the remainder of this cycle and as we move to the following cycle proposals, we will look for our work and its outcomes to speak for themselves.
Finally, I’d like to add that @ryan and @Marcus public accusations and ad hominem attacks against Midhav are utterly uncalled for. First, I have known and worked with Midhav for over 4 years. His dedication, knowledge and passion for the oracle industry are unrivaled. Second, Midhav was pivotal in communicating the API3 values and vision from the beginning and continues to be a key asset in the organization.
It should go without saying, but I sincerely hope people in this DAO can keep discussions civil in a public forum and directly communicate personal grievances with each other or on a team-leads basis before taking such public airwaves.