This root transaction is for setting up the parameters for the recently added pallet within Amplitude that allows users to exchange a specified amount of XCM tokens for AMPE tokens directly from our treasury, thereby obtaining a token to pay for gas fees. The parameters are as follows:

- The maximum amount the user can buy - 1 AMPE every 24 hours
- Allowed assets for the buyout are set to KSM and USDT

The proposal seeks funding for OpenZeppelin's security review of Polkadot's ink! smart contract language and Substrate's smart contracts pallet. The review, conducted between January 23rd and February 17th, identified and addressed security vulnerabilities, ensuring the safety of users. Ink! serves as a crucial component for Polkadot parachains, attracting developers and enabling easy migration to parachain runtimes. OpenZeppelin, a trusted security firm, collaborated closely with Parity Technologies, the ink! team, and other contributors throughout the process. The proposal outlines milestone deliverables and payment conditions, emphasizing transparency and accountability.

Local Market Research: Conducting a survey to gather insights on local user preferences and pain points in the Web3 space.

Polkadot Connect Philippines & Local Community: Organizing the first Polkadot Connect meetup and establishing a local community.

Business Development for Polkadot Insider: Connecting local industry players with Polkadot Insider for further market expansion.

Inclusion of Polkadot into Events and Talks: Integrating Polkadot branding into events and workshops hosted by Bitskwela.

Short-Form Content and Community Awareness: Creating monthly localized short-form content to expand Polkadot's presence in the Philippines.

Press Releases: Publishing monthly press releases on Polkadot ecosystem updates.

Whitepaper Simplification (WPS) for Polkadot: Creation of a user-friendly summary of the Polkadot whitepaper translated into local languages.

Dedicated Short Guides: Producing quick 2-minute reads on different aspects of the Polkadot ecosystem.

- **Problem Statement:** Establishing parameters for a new pallet in Amplitude to enable users to exchange XCM tokens for AMPE tokens from the treasury for gas fees.
- **Significance:** Facilitating a direct token exchange for users within Amplitude, enhancing convenience and utility.
- **Proposed Solution:** Set a limit of 1 AMPE every 24 hours and allow the exchange of KSM and USDT for AMPE tokens.
- **Expected Outcomes:** Improved user experience, increased token utility, and streamlined gas fee payments.

Set parameters of buyout() feature of treasury extension

No Active Proposals