This motion approves/rejects the first bounty on Polkadot Network. 

[Koto Studio](https://koto.studio/) submitted the proposal to develop the first phase (immersion) for a Polkadot rebrand strategy, aiming to meet the network’s evolving needs by leveraging the input and insights from various stakeholders across the ecosystem. Koto consulted W3F before structuring the proposal, and decided to use on-chain governance, treasury, tokens, and the blockchain network as a novel approach that sparks imagination of how business can be conducted on a decentralised internet. 

The scope of the bounty covers the first phase of the strategy: **Immersion** (more info on tasks to be developed can be found in the document below). A full description of the bounty by Koto can be found [here](https://www.dropbox.com/sh/7nwymn0rs42tjtp/AACSntxUFdJdOoRQl9GTJA2Oa?dl=0&lst=).



 Summary of CouncilMotion Post: 

1. Koto Studio submitted a proposal to develop the first phase (immersion) of a Polkadot rebrand strategy. 
2. The strategy used on-chain governance, treasury, tokens, and the blockchain network as a novel approach that sparks imagination of how business can be conducted on a decentralised internet. 
3. The scope of the bounty includes tasks in the document linked.
4. A full description of the bounty by Koto can be found in the link provided.

#50 The First Polkadot Bounty: Polkadot Brand Update Immersion Phase For a Rebrand Strategy