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# Context

**RegionX Hub** is the primary application for interacting with Polkadot’s Agile Coretime model. There is no other project in the ecosystem that fulfills this role, and we are proud to play this key role. At its core, Coretime is the product that Polkadot—and, in the future, JAM—offers. It is very important to have a project that gives users simple, intuitive access to all Coretime-related functionality. We represent the ecosystem in this area, which is why we take development at RegionX very seriously.

We are the only team to have successfully implemented a trustless **secondary Coretime marketplace**, live on Kusama. The concept of a secondary market was introduced in the Agile Coretime RFCs, and since then RegionX has led the effort and was the first to implement it. 

Especially with the new direction the ecosystem is taking, with intentions to increase the price of Coretime, secondary marketplaces will play a key role. It allows projects to split Coretime regions purchased on the bulk marketplace and resell the computational capacity they don’t need on the secondary market. This will allow newer and smaller projects to be able to get their project live on Polkadot. 

We believe that the key to success for Polkadot is to bring as many innovative and useful projects to the ecosystem, and providing the possibility for new projects to deploy is, in our opinion, very important

Therefore we are also proud that we will provide integration interfaces so teams like PDP can easily plug into our secondary marketplace.

Overall, we believe we are working on a very important area in the ecosystem, and with this proposal we want to deploy the RegionX marketplace on Polkadot and implement the requested features and improvements, along with others we have added to the RegionX Hub roadmap. With RegionX we want to represent the ecosystem in the best possible light when it comes to Coretime.

**Proposal:** [**https://docs.google.com/document/d/15fIi7eNhL7qU7\_OxgKX9zxIDIBnO6pXVBOPeIAmCy80/edit?usp=sharing**](https://docs.google.com/document/d/15fIi7eNhL7qU7_OxgKX9zxIDIBnO6pXVBOPeIAmCy80/edit?usp=sharing)

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least
`amount` of `asset_kind` in the native asset. The amount of `asset_kind` is converted
for assertion using the [`Config::BalanceConverter`].

## Details

Create an approved spend for transferring a specific `amount` of `asset_kind` to a
designated beneficiary. The spend must be claimed using the `payout` dispatchable within
the [`Config::PayoutPeriod`].

### Parameters
- `asset_kind`: An indicator of the specific asset class to be spent.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The beneficiary of the spend.
- `valid_from`: The block number from which the spend can be claimed. It can refer to
  the past if the resulting spend has not yet expired according to the
  [`Config::PayoutPeriod`]. If `None`, the spend can be claimed immediately after
  approval.

## Events

Emits [`Event::AssetSpendApproved`] if successful.

#1759 RegionX Coretime Marketplace on Polkadot

No Active Proposals