Celo Philippines DAO Established, Unveils Future Plans

The Celo Philippines DAO has been officially established following the approval of a proposal aimed at expanding blockchain education and community engagement in the country.

What’s the significance: The DAO is set to solidify Celo’s presence in the Philippines and will play a pivotal role in educating the Filipino community, fostering engagement, and integrating Celo’s decentralized financial tools into the PH community.

• Crypto Exchanges PDAX, GCrypto List $CELO
• How Celo is Bringing Real-World Web3 Adoption to the Philippines

Key details: 

• The Celo Philippines DAO was formed on July 30, 2024, to promote Celo and the Mento Protocol in the Philippines.
  • As it is already officially established, efforts are underway to execute the planned initiatives and strengthen Celo’s presence in the Philippines.
  • It aims to leverage the country’s digital finance participation and remittance flows through social media engagement, community meetups, and educational initiatives.
  • View the proposal here.

Budget allocated to fund the DAO’s activities: cUSD 35,000

How it will work: 

The Celo Philippines DAO will focus on building a vibrant community through social media channels, hosting local meetups, and participating in key industry events. 

• Collaborations with local exchanges will also be pursued to improve liquidity and accessibility of Celo tokens.

Future Plans: 

Metrics and KPIs:

• Community Growth: Aim for 10,000 Telegram members and 5,000 Twitter followers within 6 months.
• Event Participation: Host 3 meetups with 100 participants each and conduct 4 workshops/webinars with at least 200 participants per event.
• Event Presence: Secure a prominent booth at the Philippines Blockchain Week and gather 2,000 interactions.

Budget Breakdown:

• Social Media Engagement: cUSD 4,000 for Twitter handle creation and Telegram bot development.
• Event and Outreach: cUSD 14,000 for Philippines Blockchain Week participation and 3 local meetups.
• Educational Initiatives: cUSD 5,000 for workshops, webinars, and AMA sessions.
• Operational Costs: cUSD 7,500 for part-time DAO management and cUSD 2,000 for DAO establishment costs.

Timeline and Milestones:

• Month 1: Launch social media channels and begin educational initiatives.
• Month 2: Develop strategic partnerships, including with PDAX, and organize AMA sessions.
• Month 3: Secure participation in the Philippines Blockchain Week and initiate community outreach.

Key Quote:

Rene Reinsberg, President of Celo Foundation, briefly discussed the aims of the DAO during a BitPinas webcast. In that interview, Reinsberg encouraged people to reach out to the DAO and emphasized the need for a CELO DAO that understands the local community and market.

“Anyone can join the community, make a proposal to the onchain fund, or sell public goods to the Treasury and make contributions to the ecosystem… I would love to see a lot of crypto adoption on Celo in the Philippines and have products built by Filipinos.”

Worth reading: 

In a recent webcast, BitPinas spoke with Reinsberg, along with Luis Buenaventura of GCrypto and Vincent Tio of PDAX, to discuss Celo’s growth and its impact on financial services in the Philippines.

• GCrypto and PDAX have expressed their support for the DAO, particularly in hosting events and meetups.

This article is published on BitPinas: Celo Philippines DAO Established, Unveils Future Plans

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