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Adv3nturersAdv3nturersby0x887a5c67d4dD51965845C1b668c1faa183739aD0omniv3rse.eth

AIP-5: Migrate GOLD token to new Token with Tax

Voting ended about 3 years agoSucceeded

Hi all,

As discussed in the Telegram group today (https://t.me/c/1729218272/28987), we are considering to upgrade the existing GOLD token, to a new GOLD token contract and introduce a buy/sell tax.

This proposal is for getting consensus on doing the upgrade/migration so that we can have a Tax token to help increase liquidity and funds for operation/treasury. The fine-details of the mechanics will be discussed separately.

Based on the discussion, I believe a majority prefer to stay on the Arbitrum network. Hence, I propose two yes options:

  • A tax token on Arbitrum that pays in MAGIC reflections, or
  • A tax token on Arbitrum that pays in USDC reflections.

To vote:

  • Vote "Yes, MAGIC reflections" if you agree with conducting the migration, and pay reflections in MAGIC.
  • Vote "Yes, USDC reflections" if you agree with conducting the migration, and pay reflections in USDC.
  • Vote "No, something else" if you have another idea, and share it in the telegram group.
  • Vote "No, stay" if you do not want to migrate/upgrade.

Off-Chain Vote

Yes, MAGIC reflections
354.78K ibGOLD55%
Yes, USDC reflections
204.9K ibGOLD31.8%
No, something else
0 ibGOLD0%
No, stay
85.5K ibGOLD13.3%
Quorum:108%
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Discussion

Adv3nturersAIP-5: Migrate GOLD token to new Token with Tax

Timeline

Jan 07, 2023Proposal created
Jan 07, 2023Proposal vote started
Jan 09, 2023Proposal vote ended
Oct 26, 2023Proposal updated