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Baby DogeBaby Dogeby0xE9E38bB385B41D8f9Fe54e6cDcA89A5D43b2678a0xE9E3…678a

[Temperature Check] Deploy BabyDoge Token on Solana Blockchain

Voting ended over 1 year agoSucceeded

Greeting from the new team! 👋

Summary: This proposal seeks a temperature check to see whether there’s enough interest to deploy the BabyDoge token on the Solana blockchain to enhance transaction speed, reduce fees, and increase interoperability within the crypto ecosystem.

Background: BabyDoge is currently deployed on Ethereum & BNB Chain. While this has served us well, the growing demand for faster and cheaper transactions necessitates exploring additional blockchain solutions. Solana, known for its high throughput and low transaction costs, presents a viable option for expanding BabyDoge's capabilities.

Proposal Details:

  1. Objective: Deploy BabyDoge token on Solana to improve scalability and user experience.
  2. Rationale: Solana's blockchain offers faster transaction speeds and lower fees compared to many other blockchains, making it an attractive option for BabyDoge users.
  3. Implementation Steps:
    • Engage with a development team experienced in Solana deployments.
    • Develop and audit the Solana-compatible BabyDoge smart contract.
    • Initiate a token bridge to allow seamless transfer of BabyDoge tokens between ETH, BNB Chain and Solana.
    • Communicate the deployment to the community and provide a user guide for interacting with BabyDoge on Solana.
  4. Timeline: The deployment process is expected to take approximately 1 month past DAO vote ending, including development, and testing phases.

Benefits:

  • Speed: Solana's high throughput ensures faster transaction times.
  • Cost Efficiency: Lower transaction fees on Solana benefit both users and the network.
  • Interoperability: Enhancing BabyDoge's presence on multiple blockchains increases its accessibility and usability.

Risks and Mitigation:

  • Technical Challenges: Hiring experienced developers and conducting thorough audits will mitigate technical risks.
  • Adoption: A comprehensive marketing and education plan will be implemented to ensure smooth adoption by the community.

Voting: Community members are invited to vote on this proposal. A "Yes" vote signifies approval to proceed with the deployment on Solana, while a "No" vote indicates opposition to the proposed deployment. Please note that this is only a temperature check and the actual vote will only be created once the temperature check passes.

Conclusion: Deploying BabyDoge on Solana aligns with our goal of providing a superior user experience and expanding our token's reach. Your support and approval are crucial to making this initiative a success. This will not increase the circulating supply of BabyDoge.

Off-Chain Vote

Yea
2.64undefined BabyDoge99.8%
No
4.32T BabyDoge0.2%
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Timeline

May 27, 2024Proposal created
May 27, 2024Proposal vote started
May 30, 2024Proposal vote ended
May 30, 2024Proposal updated