Polkadot community PolkaWorld has announced that it has stopped operations after the community's proposal to obtain funding from the Polkadot treasury was rejected. The organization raised several concerns about the project's treasury management and made several claims in a recent announcement.
In a post published on PolkaWorld's official X (formerly Twitter) account, the organization reclaimed that treasury management under Polkadot's new open governance platform called โOpenGovโ is impacting long-term contributors to the Polkadot ecosystem. According to PolkaWorld, many organizations are being rejected by the treasury and are leaving the Polkadot ecosystem.
#116 PolkaWorld Operations and Maintenance Proposal: 2023.9 โโ- 2023.11
PolkaWorld, founded in June 2019, @polkaworld_org It has existed for four years, is the Polkadot community in China and has gathered more than 50,000 followers.
Recently, a proposal requested byโฆ pic.twitter.com/KZ9T6xIbRE
- Polkadot Insider (@PolkadotInsider) August 20, 2023
The organization noted that in the previous government system there was a council elected by Polkadot (SPOT) Headlines. According to PolkaWorld, the council members were experts in certain areas and knew how to evaluate proposals. PolkaWorld believes this should be integrated into the current OpenGov system, where governance is decided directly by token holders.
Meanwhile, Markian Ivanichok, founder of the Brushfam platform, which onboards companies to Polkadot, has announced that the project leaves Polkadot on an more difficult to obtain financing.
1\ Our @Moles The Blockchain journey began in the year 2021.
Back then, Polkadot was a promising technology, with an experienced technology leader. @gavofyork It has motivated us as founders to choose this ecosystem as one in which to grow.https://t.co/Zb2kKlIoA5
Thread below โฌ๏ธ
- Markian Ivanichok (@0xMarkian) September 14, 2023
Within the thread, Ivanichok also reclaimed that it was impossible to get your work appreciated in an ecosystem that "doesn't care about users, business practices, and the marketing of your product."
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Polkadot's OpenGov system was launched earlier this year to give each token holder a say in shaping the platform. With this, network governance is made directly by the owners of the DOT token. They can actively participate in a voting process to vote on proposals aimed at making changes to their ecosystem.
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