Thank you for submitting this grant application! Throughout the application process, this forum thread will be one of the official means of communication. Please be sure to monitor it for updates over the course of the review period.
Nothing in this reply should be construed as support or opposition by any members of the Grants Council.
While benchmark milestones are simply a “soft” way for the community to judge the process of your grant plan, the critical milestones must be met in order to unlock each tranche of your grant.
We strongly recommend high levels of specificity for benchmark milestones, and even more so for critical milestones. This is for the applicant’s benefit as well - unambiguous critical milestones avoid delays or questions over whether those milestones have been met.
An example of a critical milestone for this grant plan could be, “Onboard at least X new users within 6 weeks of token receipt, and Y% of those users are active at least once a week on average, as defined by Z metrics. Documentation will be provided to the Grants Council to allow for speedy verification of this milestone.”
Typically, we also recommend clearly stating that team wallets will be excluded from both rewards and any key metrics being measured.
Further guidance on milestones can be found here: Milestone Assessment
Thank you, and GFX Labs or other Grants Council members will follow up here with any further questions throughout the process. Do not hesitate to ask questions here (tagging whichever Council Member a question is for, or @GrantsOps generally, will increase the speed of response).