Proposal for ACID Project Adjustments

Background Overview:

Originally, the ACID protocol was designed with a long-term bullish view on ETH. However, given the recent high volatility and significant decline of ETH, some ACID holders intend to exit and realize asset liquidity. Due to a large amount of locked ACID assets and insufficient liquidity, the exit process has encountered difficulties. Meanwhile, various factors such as market conditions have led to the stagnation of ACID's development. Before ETH reaches the target of $10,000, the following transitional adjustment plan is now proposed:

On the issuance of the new token A1.5 and the replacement of ACID: Plan to issue a new token "A1.5" (referred to as ACID1.5) and transfer the ownership of the treasury. A1.5 can be freely transferred, exchanged for ETH, and will only deflate without additional issuance.

The existing "ACID" token will be replaced with the new token A1.5 at a 1:1 ratio, aiming to unlock the current ACID assets.

Once this proposal is approved, a new snapshot exchange vote will be released. ACID holders need to vote formally through the snapshot to decide whether to participate in the exchange. The voting period is set for 3 days. Holders who choose not to swap or do not participate in the vote will receive an airdrop of LSDoge tokens; those who choose to swap will receive an airdrop of A1.5 tokens.

Airdrop LSDoge to holders who choose not to swap or do not participate in the vote. All remaining LSDoge in the ACID treasury (including those in LP) will be airdropped proportionally (individual amount = total remaining LSDoge in treasury/total remaining ACID not swapped * remaining ACID of the user not swapping).

Function and strategy adjustment of the new token A1.5: Before ETH reaches $10,000, the new token A1.5 can be exchanged for the treasury's Backing value, with an exchange rate of 40% of the Backing value. Since A1.5 will offer the ETH exchange function, the treasury will no longer add liquidity, but players can add liquidity on their own.

Implementation Steps:

Once this proposal is approved, the voting for the new token swap will be initiated, with a period of 3 days. Those who do not vote within the deadline will be deemed to have chosen not to swap and will receive the LSDoge airdrop.

After the proposal is approved, ACID's liquidity will be removed, esACID unlocking and issuance will be halted. A snapshot of all users' ACID balances will be taken (total ACID held = ACID balance + sACID balance + sACID locked in vACID). esACID does not have treasury ownership, so it has no right to participate in the snapshot.

After the swap vote ends, A1.5 or LSDoge airdrops will be carried out based on the snapshot and voting results.

Vote to swap the new coin: 1 ACID token = 1 A1.5 token Vote not to participate or no vote: 1 ACID = total remaining LSDoge in treasury/total remaining ACID not swapped After the airdrop is completed, the redemption function of the A1.5 token will be opened as soon as possible.