[TFIP-21] Proposal for Akemona Technologies to Provide Core Product and Business Development for TrueFi

[Jamm]

Hi, Ravi, Thank you your response, Let’s go, let’s get this rolling. I’m a true believer, what a better time then now and more excited then ever.

[ryan.rodenbaugh]

@vandynathan

As the community have already positively voted on the content of the proposal, the poll will be left to attain community sentiment over the next 48 hours before the TFIP-21 proposal is taken to Tally.

I don’t understand the wording in the poll.

“I agree that Akemona should access their budget”… What does “access their budget mean”? To be specific, this would mean a transfer of 6-8mm TRU from the treasury or what exactly?

[Ravi]

Hi @ryan.rodenbaugh - Yes, your understanding is correct. TFIP-21 and TFIP-19 will have separate budgets. Thank you.

[ryan.rodenbaugh]

@vandynathan

As the community have already positively voted on the content of the proposal, the poll will be left to attain community sentiment over the next 48 hours before the TFIP-21 proposal is taken to Tally.

I don’t agree that this should be moved directly to Tally then. Given the confusion and contradictory comments below, I think it is the case that most voters likely voted under the impression it would come out of the Foundations budget.

At the end of the day, Tally is the final arbiter and given that TFIP-21 contained no instructions for minting and sending TRU tokens, everyone voting should have been fully under the impression that the funds were to come from the pre-allocated Foundation budget.

@vandynathan

Upon review, it was noted in the proposal comments that Akemona’s funding would indeed be sourced from the already approved TFIP-19 budget of the Foundation.

@vandynathan

Originally, the Foundation and several community members were under the impression that Akemona would secure an independent budget as per the discussions in the proposal.

Given that the majority of TRU that was sent to the Foundation’s wallet as a part of [TFIP-19] was already converted into stablecoins, it’s not entirely clear to me why the recent performance of TRU would be impactful here.

@vandynathan

Given the recent performance of TRU prices and our financial projections, integrating Akemona’s budget within our current allocations has proven unfeasible without affecting our operational efficiency and planned developments.

[Ravi]

Thanks to @vandynathan and the community for your kind support. The execution of this proposal is now live on Tally at https://www.tally.xyz/gov/truefi/proposal/56216990416813453203399474757385590365808454952217836014985144669582229011686

Please see Tally for the details.

[StrategoHoldings]

(post deleted by author)

[Ravi]

Hi @StrategoHoldings - Hope you had a good weekend. I deeply appreciate your support. Please feel free to reach out to me on Telegram at @go2ravi at anytime. Thank you.

[Ravi]

Hi All,

Here is a quick update for the community. Effective November 1, 2024, the Akemona team has engaged in executing our TrueFi roadmap. We are synchronizing our efforts with business development folks and closely collaborating with the Foundation. We are also working on setting up a dev/test environment for the integration of the Akemona suite of Apps (focused on capital markets) into TrueFi, since our apps will require UI/UX customization for TrueFi.

This is an exciting journey and rest assured we are firing on all cylinders to execute the TrueFi roadmap. My promise is to keep you updated and to make sure our execution meets the highest standards of excellence. I’ll do my best to answer your questions or concerns. We know that we do not have all the answers. Therefore, we will depend on you to seek your feedback. I personally thank you for your support.