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PulseXV2BPulseXV2Bby0x3530cfc193Ac616D6447Feea899AaA3629A9aB390x3530…aB39

Stop the wrapped-attack before it’s too late.

Voting ended almost 4 years agoSucceeded

Hello Devs, we must destroy the non-ERC-20 wrapped assets before Go-Live!!! Hear me out, wrapped tokens are not true assets their digital placeholder for a REAL token on another chain. I am sure you know this but I want to remind you of this finer detail, when you make a wrap token it’s in a 1 for 1 relationship however the source token is removed\lockup from its native chain. This is why I feel this is a critical overreach and could lead to other chain gatekeeping all pulsechain assits.

Take Bitcoin, for example, max supply is capped at 21 million right! This is BlockChain law! Nevertheless if we allow wrapped to be cloned into pulsechain we are breaking this LAW! If these placeholders are not removed we are violating the 1 for 1 relationship its now 1 to 2 this isn't much different than some bridge hacks. I said my piece that's all I can do.

Off-Chain Vote

Remove
8 PLSX66.7%
Keep
4 PLSX33.3%
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Timeline

Apr 22, 2022Proposal created
Apr 22, 2022Proposal vote started
Apr 23, 2022Proposal vote ended
Oct 26, 2023Proposal updated