Explore the Tangle Community Treasury's Q3 dynamics and strategic alliances in the blockchain space.

Tangle Community Treasury’s Q3 financial snapshot reveals $824,043 USDT valuation.
Strategic decisions prioritize substantial Tier II proposals and collaboration with FluentDAO.

In a recent update, the Tangle Community Treasury, led by @Deep_Sea_Iotan, provides a transparent view of its financial standing as it wraps up the third quarter. Currently valued at $824,043 USDT, the treasury’s future looks promising. However, what truly sets this update apart are the strategic decisions made to ensure efficient resource allocation.

As the Tangle Community Treasury heads towards its 2024 culmination, it faces an anticipated operational expenditure of approximately $99,126 USDT. Additionally, approved grant payouts amounting to $322,855 USDT, with $194,162 already disbursed from a total of $517,017 USDT, indicate active support for blockchain projects. A significant $300,000 USDT is reserved for strengthening liquidity pools once the Shimmer EVM bridge is firmly established.

The ever-fluctuating $SMR price has a direct influence on grant funding. With $SMR hovering at $0.045, funds for grants were limited to $200,000 USDT. To make the most strategic choices, the committee engaged in an in-depth discussion and reached a crucial decision.

Strategic Value Over Quantity

In the wake of this discussion, the consensus leaned towards focusing on a few substantial Tier II proposals, deeming them to hold more strategic significance. Consequently, the Tangle Community Treasury has decided not to entertain any Tier I proposals for the remainder of this quarter. This move ensures judicious resource allocation, reduces review-associated expenses, and optimizes operational costs.

Staying true to its vision, the treasury approved a grant application from @FluentDAO. Led by experienced entrepreneur Bradley (@AllgoodFuturist), FluentDAO is pioneering deposit token infrastructures tailored to enhance International Trade Finance and Aid Delivery processes. This collaboration aims to introduce a native stable token, further enriching the Shimmer network’s ecosystem.

FluentDAO’s endeavors have garnered attention beyond the crypto and blockchain realm. They have been recognized on global platforms like Zawya.com. HE Al Zeyoudi praised the Fluent Economic Bridge, highlighting its potential to transform global supply chains’ agility and accessibility through digital currencies. FluentDAO’s recent partnership with the UAE’s Ministry of Economy’s NextGen FDI program reaffirms its dedication to a decentralized financial future.