DFR3 – Voting is Live: Your Guide to Voting in Deep Funding Round 3
Author:
rafael
Published:
October 2, 2023
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In this blog post, we’ll explore the significance of voting for Deep Funding’s Round 3 in line with SingularityNET’s mission, go through the program phases, and provide you with a step-by-step guide on how to cast your vote effectively.
The Importance of Your Vote
Voting in Deep Funding Round 3 is more than just a click; it’s a commitment to shaping the future of AI. SingularityNET’s mission revolves around democratizing access to AI, ensuring ethical practices, and fostering innovation. The Deep Funding program is a critical part of this journey, empowering the community to decide which projects should receive funding and contribute to the growth of the ecosystem.
A Roadmap of the Process
Before we delve into the nitty-gritty of voting, let’s recap the stages leading up to this point. The Deep Funding Round 3 began with project submissions receiving 136 proposals, followed by comprehensive eligibility checks, peer reviews, and internal assessments recommending the best proposals based on specific criteria. Each phase played a crucial role in filtering and evaluating proposals, ensuring that only the most promising projects made it to the voting stage. The process totalized a final portfolio of 120 proposals to be voted on.
The Best Practices
To ensure that your voice is heard effectively and that your vote has the most significant impact, it’s crucial to follow best practices throughout the voting process. In this comprehensive guide, we’ll explore the best practices for voting, covering four key aspects:
1. Ways of Assessing the Proposals
Assessing project proposals is a crucial step in the decision-making process, especially in community-driven initiatives like Deep Funding Rounds. To make informed and responsible voting decisions, it’s essential to thoroughly evaluate the proposals under consideration. We really appreciate the fact of having community members making a well-informed decision on a few projects, rather than unfounded decisions on many or all proposals. In this guide, we’ll explore various effective ways to review project proposals, including:
Study the SingularityNet Foundation: Understanding the overarching mission and vision of the SingularityNet Foundation is paramount when assessing project proposals. By aligning proposals with the organization’s core values and goals, you can gauge the potential value a proposal may add to the platform. Dive into the subject to ensure that proposals resonate with the broader objectives of the ecosystem.
Review the Open Proposals: The Deep Funding Portal’s Projects & Proposals page is a treasure trove of information. Explore the “Open Proposals” tab to access proposals submitted by participants. Additionally, you can filter the proposals by pools or features such as “Recommended” and “With Presentation”. This section offers insights into the project’s summary, requested amount, link to the full proposal, and for some, video recordings. Pay close attention to the content, objectives, and feasibility of each proposal.
Read the Reviews Report: Reviews are crucial in assessing proposals. The Deep Funding team published a blog post with community-backed recommendations for Marketing and Ideation pool proposals that received positive feedback from past awardees. Additionally, there’s an internal team review process for RFP submissions, involving the RFP creators. However, the New Projects and Tooling pools didn’t undergo this team review, so they require your individual analysis.
Watch the Idea Fest Videos: Idea Fest is an invaluable resource for gaining deeper insights into project proposals. You can see the video created by your favorite projects on the proposal overview pages, where they are linked to the proposal summary popup. But if you just want to watch all of them one by one, you can watch them on Depp Funding’s YouTube channel.
Questions to make: You can single out a few proposals that appeal to you and review what they are all about. Here are some pointers when assessing:
- Does the proposed project support the growth of the AI platform?
- Does the proposed project support the mission and vision of SingularityNET of creating a beneficial singularity?
- Does the proposal have a realistic and clear scope?
- Is the team experienced and capable enough to deliver?
- Is the budget adequate to cover what the team has set out to accomplish?
Inquire the Teams: Don’t hesitate to reach out to the teams behind the proposals for additional information. Engage in meaningful conversations with project proponents to clarify any doubts or seek elaboration on specific aspects of their proposals. You can do this by commenting on the proposal’s page (Archived Missions) or on Deep Funding’s official Social Media channels, where If the team is available and paying attention, they will welcome this opportunity to answer your questions:
2. Connecting Your Wallets
If you have more than one wallet containing AGIX for voting, you can connect your Ethereum or Cardano wallets in a multichain setup. Connect one wallet on the voting portal or create a collection of wallets at: mywallets.singularitynet.io.
Click on “Connect Wallets”: To streamline the voting process, click the “Connect Wallets” button, then choose the wallet you want to connect. It is now possible to connect all your wallets containing AGIX. This will enable you to apply your entire AGIX holdings across multiple wallets in a single voting action.
Connect One Wallet on the Form: If earlier you made a collection of wallets, then after connecting one of the wallets of the collection, the rest will be loaded automatically into the form.
Use the “Logout” Button: The “logout” button allows the browser to “forget” your wallets, but in the background, your wallets will still be interlinked to each other. To continue voting, you need to connect one of the linked wallets, and the rest of the wallets in the collection will be automatically displayed and accounted for.
3. Voting Procedure
Access the Voting Portal: https://voting.deepfunding.ai/
Voting Proposals: When you have accessed the voting portal and, connected all desired wallets, you can proceed to the voting. Please note that the proposals are divided into 5 pools. Each pool contains a number of proposals. You can vote on just a single proposal, on all of them, or none, as you please. All votes in a pool are validated by signing with your current wallet. Remember, once you have signed for a pool, you cannot make any changes or add additional votes. You can continue to the next pool or log out and log in again before continuing with another pool. There is no required order between the pools.
Voting Management: We expect all users to vote conscientiously based on the true merit they assign the proposal. You should rank the proposals on a scale of 1 to 10, with 10 representing the highest positive score. Voting strategically such as assigning a single 10 and many 1’s may reduce your reputation rating and voting weight in this and future rounds. Make sure you only cast your vote on proposals that you understand and have an opinion on (either positive or negative). You can always view the questions, read them, and return to voting later, but no later than the voting deadline on Sunday, October 8th at 23:59 UTC.
Remember that in this process, voters do not pay for their votes.
4. Your Voting Weight
Factors Affecting Voting Weight: Your voting weight depends on the amount of AGIX in your balance, and other metrics such as a reputation rating and potentially the time passed since the first transaction in your wallet. Note that very ‘young’ wallets may have a lower voting weight, so it is not wise to create a large number of wallets prior to the voting event. Staked AGIX tokens are also taken into account when the related wallets are linked. While there are no restrictions on conducting AGIX transactions during the voting week, be aware that the balance of AGIX in the collections of wallets is fixed using a snapshot after the end of the voting period.
Quadratic voting: Quadratic voting is the chosen format for Deep Funding selection, which means that instead of the traditional “one-token one-vote” model, we will calculate the square root of each person’s token balance, as an equalizing measure. It still gives you substantial extra weight to have more tokens but this measure ensures a more balanced weight between small and (very) large token holders.
Thanks for Joining!
As we approach the climax of Deep Funding Round 3, remember that your vote isn’t just a choice; it’s a catalyst for the future of AI. Make your voice count, support the projects you believe in, and help pave the way for the next generation of AI innovations in the SingularityNET ecosystem.
In case you encounter any issues or have questions during the voting process, don’t hesitate to reach out to technical support at voting-support@singularitynet.io.
rafael
Published:
October 2, 2023
- Share:
-
-
-
In this blog post, we’ll explore the significance of voting for Deep Funding’s Round 3 in line with SingularityNET’s mission, go through the program phases, and provide you with a step-by-step guide on how to cast your vote effectively.
The Importance of Your Vote
Voting in Deep Funding Round 3 is more than just a click; it’s a commitment to shaping the future of AI. SingularityNET’s mission revolves around democratizing access to AI, ensuring ethical practices, and fostering innovation. The Deep Funding program is a critical part of this journey, empowering the community to decide which projects should receive funding and contribute to the growth of the ecosystem.
A Roadmap of the Process
Before we delve into the nitty-gritty of voting, let’s recap the stages leading up to this point. The Deep Funding Round 3 began with project submissions receiving 136 proposals, followed by comprehensive eligibility checks, peer reviews, and internal assessments recommending the best proposals based on specific criteria. Each phase played a crucial role in filtering and evaluating proposals, ensuring that only the most promising projects made it to the voting stage. The process totalized a final portfolio of 120 proposals to be voted on.
The Best Practices
To ensure that your voice is heard effectively and that your vote has the most significant impact, it’s crucial to follow best practices throughout the voting process. In this comprehensive guide, we’ll explore the best practices for voting, covering four key aspects:
1. Ways of Assessing the Proposals
Assessing project proposals is a crucial step in the decision-making process, especially in community-driven initiatives like Deep Funding Rounds. To make informed and responsible voting decisions, it’s essential to thoroughly evaluate the proposals under consideration. We really appreciate the fact of having community members making a well-informed decision on a few projects, rather than unfounded decisions on many or all proposals. In this guide, we’ll explore various effective ways to review project proposals, including:
Study the SingularityNet Foundation: Understanding the overarching mission and vision of the SingularityNet Foundation is paramount when assessing project proposals. By aligning proposals with the organization’s core values and goals, you can gauge the potential value a proposal may add to the platform. Dive into the subject to ensure that proposals resonate with the broader objectives of the ecosystem.
Review the Open Proposals: The Deep Funding Portal’s Projects & Proposals page is a treasure trove of information. Explore the “Open Proposals” tab to access proposals submitted by participants. Additionally, you can filter the proposals by pools or features such as “Recommended” and “With Presentation”. This section offers insights into the project’s summary, requested amount, link to the full proposal, and for some, video recordings. Pay close attention to the content, objectives, and feasibility of each proposal.
Read the Reviews Report: Reviews are crucial in assessing proposals. The Deep Funding team published a blog post with community-backed recommendations for Marketing and Ideation pool proposals that received positive feedback from past awardees. Additionally, there’s an internal team review process for RFP submissions, involving the RFP creators. However, the New Projects and Tooling pools didn’t undergo this team review, so they require your individual analysis.
Watch the Idea Fest Videos: Idea Fest is an invaluable resource for gaining deeper insights into project proposals. You can see the video created by your favorite projects on the proposal overview pages, where they are linked to the proposal summary popup. But if you just want to watch all of them one by one, you can watch them on Depp Funding’s YouTube channel.
Questions to make: You can single out a few proposals that appeal to you and review what they are all about. Here are some pointers when assessing:
- Does the proposed project support the growth of the AI platform?
- Does the proposed project support the mission and vision of SingularityNET of creating a beneficial singularity?
- Does the proposal have a realistic and clear scope?
- Is the team experienced and capable enough to deliver?
- Is the budget adequate to cover what the team has set out to accomplish?
Inquire the Teams: Don’t hesitate to reach out to the teams behind the proposals for additional information. Engage in meaningful conversations with project proponents to clarify any doubts or seek elaboration on specific aspects of their proposals. You can do this by commenting on the proposal’s page (Archived Missions) or on Deep Funding’s official Social Media channels, where If the team is available and paying attention, they will welcome this opportunity to answer your questions:
2. Connecting Your Wallets
If you have more than one wallet containing AGIX for voting, you can connect your Ethereum or Cardano wallets in a multichain setup. Connect one wallet on the voting portal or create a collection of wallets at: mywallets.singularitynet.io.
Click on “Connect Wallets”: To streamline the voting process, click the “Connect Wallets” button, then choose the wallet you want to connect. It is now possible to connect all your wallets containing AGIX. This will enable you to apply your entire AGIX holdings across multiple wallets in a single voting action.
Connect One Wallet on the Form: If earlier you made a collection of wallets, then after connecting one of the wallets of the collection, the rest will be loaded automatically into the form.
Use the “Logout” Button: The “logout” button allows the browser to “forget” your wallets, but in the background, your wallets will still be interlinked to each other. To continue voting, you need to connect one of the linked wallets, and the rest of the wallets in the collection will be automatically displayed and accounted for.
3. Voting Procedure
Access the Voting Portal: https://voting.deepfunding.ai/
Voting Proposals: When you have accessed the voting portal and, connected all desired wallets, you can proceed to the voting. Please note that the proposals are divided into 5 pools. Each pool contains a number of proposals. You can vote on just a single proposal, on all of them, or none, as you please. All votes in a pool are validated by signing with your current wallet. Remember, once you have signed for a pool, you cannot make any changes or add additional votes. You can continue to the next pool or log out and log in again before continuing with another pool. There is no required order between the pools.
Voting Management: We expect all users to vote conscientiously based on the true merit they assign the proposal. You should rank the proposals on a scale of 1 to 10, with 10 representing the highest positive score. Voting strategically such as assigning a single 10 and many 1’s may reduce your reputation rating and voting weight in this and future rounds. Make sure you only cast your vote on proposals that you understand and have an opinion on (either positive or negative). You can always view the questions, read them, and return to voting later, but no later than the voting deadline on Sunday, October 8th at 23:59 UTC.
Remember that in this process, voters do not pay for their votes.
4. Your Voting Weight
Factors Affecting Voting Weight: Your voting weight depends on the amount of AGIX in your balance, and other metrics such as a reputation rating and potentially the time passed since the first transaction in your wallet. Note that very ‘young’ wallets may have a lower voting weight, so it is not wise to create a large number of wallets prior to the voting event. Staked AGIX tokens are also taken into account when the related wallets are linked. While there are no restrictions on conducting AGIX transactions during the voting week, be aware that the balance of AGIX in the collections of wallets is fixed using a snapshot after the end of the voting period.
Quadratic voting: Quadratic voting is the chosen format for Deep Funding selection, which means that instead of the traditional “one-token one-vote” model, we will calculate the square root of each person’s token balance, as an equalizing measure. It still gives you substantial extra weight to have more tokens but this measure ensures a more balanced weight between small and (very) large token holders.
Thanks for Joining!
As we approach the climax of Deep Funding Round 3, remember that your vote isn’t just a choice; it’s a catalyst for the future of AI. Make your voice count, support the projects you believe in, and help pave the way for the next generation of AI innovations in the SingularityNET ecosystem.
In case you encounter any issues or have questions during the voting process, don’t hesitate to reach out to technical support at voting-support@singularitynet.io.
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