Decide on the Future of AngeL Nodes

During the last couple of months, we have come up with different protocol models; however, none of them have been truly embraced by the community. Yet we have changed our migration model several times to correspond with our users' demands.

After following and evaluating the long discussion threads on the general-chat, a decent consensus was formed within the community regarding migrating to a "Horde-Like Model" but with better mechanics. Because of this reason, the team immediately started working on it, and by the time we started writing our NFT contracts, The Horde announced that their model couldn't be sustained either, and changes needed to be made.

On our side, we were already expecting this. Still, we were also surprised about how soon their model matured, making us rethink the direction we were heading. Therefore instead of making an outright migration, we have decided to go for a DAO proposal regarding the path AngeL should take.

1️⃣ Option One Dissolve Angel Nodes and Distribute 950 BNB to the Node Owners The process will be simple: Node owners will receive part of the 950 BNB proportionally to their Migration Points. Calculation = (YOUR MP / TOTAL MP) x 950 BNB

2️⃣ Option Two Migrate to Angel V2 and Distribute (up to) 550 BNB to Those Who Want to Leave. In the event of migration, the LP has to be transferred on the V2 side untouched. Therefore, only the treasury holdings (550 BNB) could be distributed to those who want to cash out. Calculation = (YOUR MP / TOTAL MP OF USERS WHO WANT TO CASHOUT ) x 550 BNB*

*If less than 58.89% (550/950) of the Migration Points are used for cashouts, the 550 BNB will be down-scaled accordingly, and the remaining amount will be sent to the new V2 Treasury for periodic buybacks.

Users have received their "Migration Points (Governance)" tokens via airdrop. The proposal will last 72 hours.