CIP-0053: AngelHack as a Weight 2.5 SV

CIP-0053

Abstract:

Add Angelhack as SV of Weight 2.5

About Applicant:

AngelHack is a global innovation platform and community builder with a vast network of over 300,000 developers. We have successfully incubated more than 200 startups and projects, fostering innovation and technical excellence in emerging technologies, including blockchain. Our experience in hackathons, accelerator programs, and mentorship initiatives positions us as a natural partner to advance the Canton Network's ecosystem.

Deliverables for full SV Reward:

Deliverable	Acceptance Criteria	Deadline	Weight Earned
Join GSF as General Member	• Complete onboarding with GSF<br>• Logo on GSF website<br>• Public announcement about joining GSF	+ 60 Days	0
Staff Engineers on Splice Repo	• AngelHack will deploy a dedicated team of experienced blockchain engineers to actively contribute to the Splice open sourced repositories managed by the Linux Foundation Decentralized Trust (LFDT).<br>• On top of that, our core engineers would also work on planning and defining the technical roadmap to facilitate and onboard additional contributors effectively.<br>• First commit to repo completed by Deadline	+ 30 Days	1
Application Incubator	• AngelHack will deploy a dedicated team of experienced blockchain engineers to work on developing applications<br>• At least one will be developed as reference with robust documentation<br>• At least one will be deployed into production<br><br>These applications will be designed to educate the broader developer ecosystem, drive high transaction volumes, and ensure robust network activity and transaction fee generation.	+ 180 Days	0.5
Developer Community Growth	• At least one of each:<br>•• Hackathon<br>•• Technical Workshop<br>•• Mentorship Program<br><br>Leveraging our extensive global network, AngelHack will spearhead initiatives to attract and onboard blockchain developers to the Canton ecosystem. This can be done through targeted hackathons, technical workshops, and mentorship programs. We aim to significantly grow the pool of skilled engineers focused on deploying applications and increasing transactions on Canton.	+ 180 Days	0.5
Strategic Partnerships	• Onboard at least two (pre-approved by Tokenomics Working Group) partners to the Network<br><br>We plan to facilitate partnerships between established enterprises, financial institutions, regional and global system integrators and promising blockchain startups, using our community and network to drive real-world application deployments on Canton, thereby expanding its reach and utility.	+ 180 Days	0.5
Active Governance Participation	As a Super Validator, AngelHack will actively engage in Canton Network governance, participating in the Canton Improvement Proposal (CIP) process and helping shape the future of the network. Our commitment includes aligning with the Global Synchronizer Foundation’s principles and contributing to strategic decisions that support network growth.	N/A	0
Sustainable Network Economics	By operating as both a Validator and an active application developer, AngelHack will help sustain the network’s economic model, driving both Validator rewards and Featured Application rewards through consistent and innovative transaction generation.	N/A	0

SV Reward Mechanics:

• An extraBeneficiary PartyID associated with the ‘escrowed’ Super Validator will be setup by the GSF with an SV Weight at the maximum earnable weight in the CIP that granted rights to that Super Validator.
  • The Applicant is responsible for all costs associated with the operation of the escrow SV
  • The escrow SV will NOT mint rewards on a block by block basis
  • All escrow SV rewards will go to the Unclaimed Rewards pool
• ⅔ of the Super Validator Operators will update their configurations to allow GSF to host the full weight to be earned by the given Super Validator
• Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group
  • Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone
• If the Tokenomics Working Group agrees the milestone has been met and agrees with the calculation, an announcement will be sent via the Tokenomics-Announce mailing List
  • The GSF will update the extraBeneficiary to an active PartyID controlled by that Super Validator.
  • ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator, based on the calculation approved by the Tokenomics working group.
• If any milestones and associated rewards are not achieved by the deadline
  • Applicant will be notified they have not met a deliverable by the GSF
  • Remaining SV Weight assigned to the extraBeneficiary SV will be removed from the GSF node configuration, and the total SV weight of the GSF SV node will be reduced by the same amount by a vote of the Super Validators.
  • The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards
• Applicant is subject to CIP-0045 : SV Operating Requirements
  • If, at any time, the Applicant has been rewarded SV Weight > 2.5, they are required to operate their SV within 6 months of crossing that Weight

Copyright

This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.

Changelog

• 2025-03-14: Initial draft of the proposal.
• 2025-03-19: Format into correct sections.
• 2025-04-14: Add provisional minting based on Tokenomics new process.
• 2025-04-25: Convert to new template
• 2025-05-19: Approved proposal