---
tags: meeting minutes
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# 2021-10-15 NH sync

> Recordings may be available for 2 weeks in [MEGA shared folder](https://mega.nz/fm/k14GBJSa).)

## Attendees

Sid, pospi, Pablo, Jethro, Michael, Jean, Emaline

## Agenda

- Breathe for a minute: Drop in, centre, acknowledge the presence of people in the call :)
- 1-2 minutes Checkins

### Current operational topics:

> (Please indicate what your goals are for each item: info share? request for input? need for next steps?)

- Comms Update: (see update in channel)
- Emails/medium posts now rolling (yay!) Good feedback so far
- Discord engaging with more people
- Maintaining a list of people explicitly interested in $NHT
- Moritz to play a role in Social media (Nicole stepping back)
- Meetup spaces in Discord?
- Whitepaper:
- How should we actively share it out?
- How should we talk about 'broader adoption of general purpose tooling and data formats'

- Product update:
- New structure, anchored by Jean
- Few conversations underway

- Low-code marketplace
- Jethro working on potential models for marketplace modules
https://docs.google.com/spreadsheets/d/1W8H5Jz5NrjATVNgUbhsHZr_bzjvm9wQlaVWO58qAaoo/edit#gid=0

- Fundraise update
- Option 3: Private sale + TGE
- Conversations with old investors begun
- New corporate entity setup initiated
- Listing on DEXes
- Smartcontract suggestions? (pospi might have best insight here)
- Budgeting discussion: https://docs.google.com/spreadsheets/d/1_VdIr8g1gkCJEnI00L0rQEHTt_VdevrQhOeaYCvP6qw/edit#gid=0
- $NHT and NH-Credit modelling:
https://docs.google.com/spreadsheets/d/1JcOftsPZbAxgfCmkoieoyvY3xHFo0fmLJ96RPvRzWlE/edit#gid=1702378308
- $NHT and NH-Credit modelling:
- Testing with $SCT on some DEXes
Go buy some here: https://app.uniswap.org/#/swap

### Wrap-up (allow 7-10min)

- Insert Text
- Insert Text

## Minutes and Priorities for the coming week

- Comms:
- Emails going out with regular frequency (subscribe to Substack if you would like to receive them) https://neighbourhoods.substack.com/p/introducing-neighbourhoods-is-now?r=p1km9&utm_campaign=post&utm_medium=web&utm_source=
- Creating a space for 'meet the team' on discord on Thursday/Fridays when we don't have a sync (@Moritz)
- #videos (@Pablo working on a full-animated version, Moritz to help pull our video clips and generate more with Sam)
- Whitepaper
- Feel free to send it out (will be blasted out in a couple weeks from now)
- Discussion on allowing other 'value-measuring' systems to plug in to and play with ours. For eg, accounting systems for other kinds of work, not just dev-hours.
- Whether or not NH Marketplace is open-source to be decided later.

- Product:
- Discussions between Jean-Michael-Emaline in the past week. Another discussion b/w Jean-M-E-pospi-Sid to occur in coming week
- Update from MH: Rust playground: Raised a few issues with HC.
- wanting to develop front end also in rust
- Anything else Michael?

- Low code marketplace:
- Spectrum of Models: Ranges from Neighbourhoods commissioning them, to simple SAAS models to Kickstarter models for specific projects
- Initially we would have two kinds of projects:
- Building smaller widgets (claps/likes etc) which require fewer hours
- Larger ones that complement modular ones
- An important aspect here is whether communities continue owning the code, or is it handed over to commons in some way?
- @pospi thinks HC would require lesser 'maintenance' in comparison to other kinds of dev
- Discussions about this to continue in #marketplace channel
- Plan is to continue fleshing this out in parallel with product dev
More details about Models in @jethro's spreadsheet https://docs.google.com/spreadsheets/d/1W8H5Jz5NrjATVNgUbhsHZr_bzjvm9wQlaVWO58qAaoo/edit#gid=0

- Fundraise:
- Finalised Option 3: Private sale + TGe
- Recommendations welcome for which DEXes we list on first
- Gnosis for basic Smart contract for our token
- Entity setup has begun
- Budgeting discussion here, feel free to input: https://docs.google.com/spreadsheets/d/1_VdIr8g1gkCJEnI00L0rQEHTt_VdevrQhOeaYCvP6qw/edit#gid=0

## Minutes and Priorities from last week

- Update on Fundraise strategy:
- Feel free to share opinions on Option 3 versus Option 5
- Sid's personal opinion: Doing the TGE this year feels more wholesome, let's us focus on work

- Comms:
- Yayy @frugal! Website up and running. All sections done.
- Whitepaper with link to feedback form rolling out to people. While it's not ready for sharing on social media, definitely okay for team to share in their networks
- Medium article not pushed out yet because we're working on getting visuals right. These visuals would also be used on SM, so it's worth the wait. @bierlingm, this will give you a bunch of visuals to use.
- Video recording begun (see link to audio in discord). Also, big reveal, Emaline is a Portland Radio Celeb (whaaa)
- Email/SM rollout: We took this week to think about the new fundraise strategy a bit.
- Framing fundraise as 100 people @ 10k each: just a broad meme that get's us thinking more tangibly

- Product:
- Lots of conversations here, which have surfaced due to integration of Rep_lang + Interchange
- It's been nice to hold space for this, because it will define relationships over the next year.
- 'We' solving a lot of NH's gaps. pospi thinks we will have variants of 'We' too (which is great. Hopefully we would have basic coherence between them, which would make it easier for modules/widgets to be compatible)
- Subsequent conversations could be about crystallising product strategy: how do we want to roll out NH - 'big project drop all at one go, with complete membrane control etc developed?' or 'more organic: initial versions more playful/breakable?'
- Conversation with Ad4m: the hope was that Ad4m can allow for integration with NH marketplace modules, but it seems like that may not work out, since Ad4m requires more centralised 'buy-in'

- Fundraise/TGE:
- Post TGE and private raise, thinking about 'market-making' capacities to develop liquidity - this will ensure access to capital for the NH project in the years to come.
- Begining entity formation (not using holding co format)
- Contracts for team members
- Smart contract design to begin (should be pretty simple) - will use a basic contractor to build this

- NH-Credits design can evolve post TGE too
- NH-Credits design can breathe a bit, now that fundraising is cordoned off to $NHT. This will allow us to evolve a crypto accounting system that allows communities and devs to engage in value-flow better.
- Emaline: in any case, our conversations about project should focus on Rep_lang/Interchange + vision - not begin with low-code-marketplace stuff
- Website language around this to evolve gradually

- Budget doc: First two tabs in this sheet are of relevance only. https://docs.google.com/spreadsheets/d/1_VdIr8g1gkCJEnI00L0rQEHTt_VdevrQhOeaYCvP6qw/edit#gid=0
- Budgeting process will be helpful for us to think about how we want to shape next 12 months, and will help us in our private sale conversations.
- Edits and additions welcome, just go into the sheet and add.
- Token sale sheet allows us to play with allocations for long term: as of now we're thinking ~75% held in reserves post TGE and private sale. We're also thinking ~25mn$ total supply, but maybe it could be more?
- Emaline suggests comms could be collapsed down into 'Ecosystem Development' section? And can ecosystem dev focus on tangible engagement with HC dev community i.e. more presence in devcamps/hackalongs etc?

## Next steps
See above

Time Zone images (note this is more than 24 hours covered):