Socious Fund Pilot Round Results Are In
We’re excited to share the results of the Socious Fund Pilot Round, and we’re deeply grateful to all who voted, referred, donated, and applied.
Voting Results
- 766 unique voters participated.
- 985 total votes were cast across 11 projects (including votes for Socious Fund).
- Voting power (results based on verified contributions to our ecosystem including impact points, donations, and votes).
Donation Results
- 24 unique donors made 37 donations, totaling $6,034.
- With the matching pool, the total funds reached $16,034.
- Every $1 in the matching pool generated $0.6034 in community donations.
Winners & Funding Allocation
Two standout projects were selected based on total voting power:
- TELL: Awarded $10,000
- Mothers for Justice: Awarded $3,500
These two projects received funding from the matching pool, others through donations, achieving 100% funding (some projects may choose to donate their funds back into the matching pool).
Impact Highlights
Capital was allocated in alignment with community votes, and the following priorities:
- Projects aligned with Sustainable Development Goals (SDGs)
- Projects led by women
- Projects from emerging markets
- Diverse geographic representation
Why TELL Won Despite Fewer Votes
Although Mothers for Justice received more votes (390) than TELL (287), TELL came out on top due to:
- A higher number of verified voters
- Greater total impact points
- Larger donation support
This demonstrates how contribution goes beyond vote count—it’s about engaged, verified support and funding strength.
Lessons for Future Proposers
If you're applying in the next round, here’s how to improve your chances:
- Ask supporters to complete KYC verification. Learn more
- Promote your project through videos and social media.
- Help your supporters earn impact points via Socious Work. Learn more
- Encourage your community to donate to your project.
Socious Fund Round 1 submissions open June 14 00:00 UTC. Stay tuned—and THANK YOU for being part of this pilot journey!
*For simplicity, a 1:1 ADA to USD exchange rate was used, despite market fluctuations.