In the Steem blockchain's proposal system, a proposer may encounter several challenges. Here are some common ones:
Competition for Funding: The Steem proposal system allows multiple proposals to be submitted simultaneously, which means there can be stiff competition for limited funds. Proposers need to convince stakeholders to support their proposal over others, which requires a compelling case and effective communication.
Limited Funding Pool: The Steem blockchain allocates a fixed amount of funds for proposals, typically from the reward pool. The funding pool may not always be sufficient to fulfill all the proposed initiatives, leading to funding constraints. Proposers must carefully consider the amount they request and ensure it aligns with the available resources.
Proposal Visibility: With a significant number of proposals being submitted, gaining visibility and attention for a proposal can be challenging. Proposers need to actively promote their proposals, engage with the community, and make efforts to stand out amidst the competition.
Community Support: Proposals on the Steem blockchain often require community support in the form of stakeholder votes. Building a strong network of supporters who believe in the proposal's merits can be crucial. However, persuading stakeholders to vote in favor of a proposal requires effective communication, addressing concerns, and building trust.
Proposal Rejection: Not all proposals are accepted, and the Steem blockchain's proposal system has its evaluation process. Proposals may be rejected due to various reasons such as lack of community support, insufficient clarity, duplication of efforts, or inconsistency with the platform's objectives. Facing rejection can be disheartening, but proposers can learn from the experience and refine their proposals for future submissions.
Accountability and Transparency: Once a proposal receives funding, proposers are expected to be accountable for the allocated resources and transparent in their execution. Meeting milestones, providing progress updates, and delivering on promised outcomes are essential for maintaining trust within the community.
Overcoming these challenges requires careful planning, effective communication, community engagement, and adaptability to the decentralized nature of the Steem proposal system.