Camelot Proposal Process

The Camelot Proposal is a mechanism created for funding projects proposed by our community members. This process is based on the evaluation, voting, and selection of projects by the community. Camelot Proposals are organised in designated categories throughout each quarter.

Proposal Process

To encourage community participation, Project Merlin facilitates the digital sale of Merlin Tokens, allowing interested individuals to acquire and become token holders. Merlin Token (MRLN) is required for proposing, purchasing community NFTs, and accessing other functionalities within the project.

• Each quarter is open for the submission, evaluation, and funding of proposals in designated categories.

• The categories are sports and arts, innovation, social responsibilty, and personal goals.

• Two proposals are funded each month in each category. Thus, a total of 24 proposals are funded each quarter.

• A specific amount of Merlin Token is allocated for each proposal per quarter, but the fund amount is not limited to this and can vary for each proposal.

Timeline and Stages

Raven Message Application

• Community membership is obtained by purchasing a "Community Member NFT" from the NFT marketplace. This membership grants the right to vote in the community evaluation phase among proposals and among candidates in the Camelot proposal.

• Ownership of this NFT is required to become and editor or senator within the community

Editor Evaluation

• Editors review submitted projects, select suitable ones, and prepare preliminary proposals.

• This process continues throughout each quarter.

• Each editor can create up to five proposals during their term.

Senator Assessment (Senator Evaluation)

• Begins at the start of each month and lasts for six days.

• Senators evaluate the preliminary proposals prepared by editors.

• Each senator can vote on up to six proposals during their term.

Community Assessment (Community Evaluation)

• Begins on the 7th day of each month and lasts until the 13th day.

• Community members vote among the proposals that passed the senator evaluation.

• Each community member can use three votes per category each month during this stage.

Voting on Candidates in the Camelot Proposal

• Begins on the 14th or 21st day of each month and lasts until the 20th or 28th day of the month.

• The option that receives the most votes among the candidates in the Camelot proposal is selected and funded.

Fund Distribution

• In each category, on the 20th day at 23:45:00 (UTC+0) and on the 28th day at 23:45:00 (UTC+0) of each month, the winners of the proposals, senators, community members, and editors who created the proposals are funded.

Fund Distribution

75%

Winning Project Owner

Candidate (Raven Message Owner)

7%

Senators

who voted in the senator evaluations stage

3%

Editors

who created the related proposal

10%

Community Members

who voted in the evaluation stage

3%

Collection Rewards

distributed to owners of senator and editor NFTs whose usage period has expired and those currently holding active senator or editor NFTs

2%

Merlin Treasury

Special Cases and Additional Information

• Raven Message Fees: A fee is required for applicants, varying depending on whether they are community members. Non-members pay a higher fee.

• NFTs and Membership Statuses: Community membership, editor, and senator statuses are obtained by purchasing the relevant NFTs. These NFTs grant specific tasks and voting rights.

• Royalty: A 7.5% royalty is paid to the Merlin Treasury from all sales of NFTs among users based on the sale amount.

• Timeline Details: Senator and community evaluations begin and end on specific dates. These processes are designed to ensure fair and timely evaluation of projects.

The Seal of Le Fay The candidates of a Camelot pre-proposal created by editors that enters the top 20 during the Senator evaluation stage but is not selected by the community as one of the two Camelot proposals during the Community Evaluation stage will bear The Seal of Le Fay. All candidates from this unsuccessful pre-proposal and the other 17 pre-proposals applications will be marked with The Seal of Le Fay and not be relisted in The Crystal Cave.