CR 2021/22 Quarterly Financial Report 2 -

Cyber Republic Proposals and Grant Disbursement Highlights

1 Nov 2021 to 31 Jan 2022

This quarter has been one of incredible growth for the Elastos community.

CR council has approved 13 new CR proposals with a total committed budget of 699,041 ELA during the period from 1 Nov 2021 to 31 Jan 2022. Apart from supporting further ecosystem development such as a dedicated Pasar Web application and a project launchpad on Elastos Sidechain, it is now apparent that the CR council has made great strides in bolstering marketing efforts to help drive Elastos ecosystem, with a staggering amount of 648,091 ELA being spent on engagement with Tier 1 marketing agencies.

We believe that the Elastos community has witnessed tremendous growth of Elastos ecosystem over the past few months, and hopefully more good news will come out of those funded project teams when they reach key project milestones in the next quarter. We have estimated a total budget of 21,275 ELA to be disbursed to these funded projects in accordance with their next project milestone payments.

CR Funded Proposals: November 2021 to January 2022 Key Highlights

Proposal 49: CR Secretariat Work Plan

Proposal owner: Cassie Zhang

Category: Operations and administrations

Total budget requested: 34,400 ELA

Grant disbursed as at 31 Jan 2022: 17,200 ELA

Unspent grant returned as at 31 Jan 2022: 3,644 ELA

Next project milestone payment: 8,600 ELA

CR proposal details: https://www.cyberrepublic.org/proposals/60e9fc5dc05ef80078d06f01

Proposal 56: Elastos to lead and sponsor Web 3 Conference 2021

Proposal owner: Elastos Sash

Category: Marketing and promotion

Total budget requested: 21,407.84 ELA

Grant disbursed as at 31 Jan 2022: 16,603.92 ELA

Next project milestone payment: 4,803.92 ELA

CR proposal details: https://www.cyberrepublic.org/proposals/610c489bd2b36600783dd1ef

Proposal 63: Incorporation of the DAO – Law Firm Engagement and Retainer/Fees (Updated)

Proposal owner: Elation Studio

Category: Operations and administrations

Total budget requested: 5,000 ELA

Grant disbursed as at 31 Jan 2022: 5,000 ELA

Next project milestone payment: NA

CR proposal details: https://www.cyberrepublic.org/proposals/61850312eb709a007840c5db

Proposal 65: Contract Tier 1 Marketing Agency, TLGG Omnicom to Create and Execute a 12-month Marketing and Communication Strategy (Proposal 1 of 2)

Proposal owner: Elation Studio

Category: Marketing and promotion

Total budget requested: 135,000 ELA

Grant disbursed as at 31 Jan 2022: 135,000 ELA

Next project milestone payment: NA

CR proposal details: https://www.cyberrepublic.org/proposals/61902c99de96510078966792

Proposal 66: Contract Tier 1 Marketing Agency, TLGG Omnicom to Create and Execute a 12-month Marketing and Communication Strategy (Proposal 2 of 2)

Proposal owner: Elation Studio

Category: Marketing and promotion

Total budget requested: 135,000 ELA

Grant disbursed as at 31 Jan 2022: 135,000 ELA

Next project milestone payment: NA

CR proposal details: https://www.cyberrepublic.org/proposals/61902e03de965100789667b8

Proposal 67: Proposal to Develop a Dedicated Pasar Web App

Proposal owner: Asralf

Category: Ecosystem support and technical development

Total budget requested: 12,000 ELA

Grant disbursed as at 31 Jan 2022: 8,000 ELA

Next project milestone payment: 4,000 ELA

CR proposal details: https://www.cyberrepublic.org/proposals/61953f89eb709a00784155ab

Proposal 69: Introducing SilverStarter – Project LaunchPad on the Elastos SideChain

Proposal owner: Cameron Tareen

Category: Ecosystem support and technical development

Total budget requested: 3,588.70 ELA

Grant disbursed as at 31 Jan 2022: 717.70 ELA

Next project milestone payment: 2,871 ELA

CR proposal details: https://www.cyberrepublic.org/proposals/61b8a48f49d70b0078754c6f

Proposal 70: Contract GSR to perform Market Making Services for Elastos 1/3

Proposal owner: Elation Studio

Category: Marketing and promotion

Total budget requested: 125,000 ELA

Grant disbursed as at 31 Jan 2022: 125,000 ELA

Next project milestone payment: NA

CR proposal details: https://www.cyberrepublic.org/proposals/61c1158db5d3b6007833737d

Proposal 71: Contract GSR to perform Market Making Services for Elastos 2/3

Proposal owner: Elation Studio

Category: Marketing and promotion

Total budget requested: 125,000 ELA

Grant disbursed as at 31 Jan 2022: 125,000 ELA

Next project milestone payment: NA

CR proposal details: https://www.cyberrepublic.org/proposals/61c11767b5d3b600783373ae

Proposal 72: Contract GSR to perform Market Making Services for Elastos 3/3

Proposal owner: Elation Studio

Category: Marketing and promotion

Total budget requested: 120,000 ELA

Grant disbursed as at 31 Jan 2022: 120,000 ELA

Next project milestone payment: NA

CR proposal details: https://www.cyberrepublic.org/proposals/61c117e5b5d3b600783373c7

Proposal 73: [REVISED] Funds for Strategic Marketing: Influencer Relationships and Social Media Campaigns

Proposal owner: Elastos Info

Category: Marketing and promotion

Total budget requested: 4,945 ELA

Grant disbursed as at 31 Jan 2022: 3,091 ELA

Next project milestone payment: NA

CR proposal details: https://www.cyberrepublic.org/proposals/619d1b6ceb709a0078419cc9

Proposal 75: [REVISED] Elastos Guardians and Discord migration

Proposal owner: Mbutcho

Category: Operations and administrations

Total budget requested: 12,100 ELA

Grant disbursed as at 31 Jan 2022: 1,100 ELA

Next project milestone payment: 1,000 ELA

CR proposal details: https://www.cyberrepublic.org/proposals/61d6eb9a175eb900783aa0d4

Cyber Republic Financial Summary

Key Highlights (1 November 2021 ~ 31 January 2022)

Grants disbursed: 671,509 ELA
New CR proposals: 13 proposals
CR proposals approved: 13 proposals
CR proposals rejected: NIL

Below you will find a summary of the financials and grant disbursements made by Cyber Republic during the period from 1 Nov 2021 to 31 Jan 2022. Assets held by Cyber Republic as of 31 January 2022 have an estimated market value of USD 3,302,839.

Cyber Republic Grant Disbursements for the Period from 1 November 2021 to 31 January 2022

* Market value of ELA is determined based on the ELA daily close price at UTC time for each transaction occurred during the period from 1 Nov 2021 to 31 Jan 2022 obtained from CoinMarketCap.com

** Refer to ‘CR Funded Proposals: Nov 2021 to Jan 2022 Key Highlights’ section