Proposal to Whitelist Poolz (POOLZ) with 50,000 BNT trading liquidity limit

For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.

This proposal is expected to appear on Snapshot for voting on [date=2022-01-30 timezone="Europe/Lisbon"]. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.

TL;DR

• Proposal to whitelist POOLZ.

• Trading liquidity limit of 50,000 BNT.

• There are no security concerns that could prohibit whitelist status.

• There is no reason to doubt the legitimacy of the Poolz project. One of their strategic investors is Ferrum Network, has completed 78 IDOs, with a project volume of $629,246,652 in the past 30 days.

• The benefit to Bancor is clear. Providing POOLZ liquidity will attract token LPs from Poolz's community to swap on Bancor, and increase protocol trade volume.

Token Address: 0x69A95185ee2a045CDC4bCd1b1Df10710395e4e23

Project Website: Poolz Finance

Liquidity

The Deepest POOLZ pools are:

The POOLZ/ETH Uniswap v3 pool with $75.78k liquidity and a 7 day average APY of 5.95% [1].

The POOLZ/ETH Uniswap v2 pool with $1,266,215 liquidity and a 7 day average APY of 1.41% [2].

A trading liquidity limit of 50,000BNT opens up space for at least $301k of liquidity in the pool, with BNT at $3.01. If the pool fills up, a trading liquidity limit increase may be proposed.

Token Security

POOLZ does not have an elastic supply, or rebase mechanism. The POOLZ token has a max supply cap of 4,992,280 POOLZ. Contracts are standard ERC-20 OpenZeppelin contracts. The contracts don’t have any permissions that grant administrators unrestricted mint/burn capabilities. The token isn’t pausable.

The top 15 contract and addresses with the highest concentration of POOLZ are Proxy and Locking contracts, Uniswap v2 POOLZ/ETH pool, Gate.io, and wallets with 39.2935% (looks like a team wallet), 0.3008%, 0.2203%, 0.1962%, 0.1877%, 0.1803%, and 0.1628% of the supply.

https://aws1.discourse-cdn.com/standard20/uploads/bancordao/original/2X/8/808924ca72e06cf6da5319434025d0aba35a8e89.jpeg Figure 1 - Top 15 contract and address with the highest concentration of POOLZ [3]

Project

Poolz is a decentralized cross-chain IDO platform built on top of Web 3.0 infrastructure to enable crypto projects to raise funds before listing. The Poolz platform has already integrated with many different blockchains and is in discussions with more than 10 of the biggest blockchain networks.

Tokenomics

To be eligible to participate in the IDO whitelists, you must hold POOLZ tokens, qualify under Poolz staking criteria and participate in the tasks model. The winner wallets will be posted 24 hours before the IDO time on the Poolz website.

According to:

1. Top 100, you will get guaranteed allocation in the upcoming IDOs & Pre IDOs

2. 250 staked Poolz = 250 Leaderboard points (1 Lottery tickets) - wallets that only holds $POOLZ are not counted on the leaderboard.

Community and Communication

Poolz Finance is active on Telegram. The Poolz Finance team also operates an official Twitter account. The Poolz Github shows consistent activity, with the latest commit happening on the 15th of January, at the time of writing.

Available Audits

Arcadia has audited the token and platform contracts.

Market and Trading Data

• POOLZ's price at the time of writing is $6.05.

• All-time high: $65.18 (11th Apr, 2021).

• All-time low: $1.49 (26th Jun, 2021).

• Price 90 days ago: $8.39.

• 3,030,638 POOLZ in circulation, with a maximum and total supply of 4,992,280 POOLZ.

• The current market capitalization is $18,414,744.

• The POOLZ token is available on, among others, Uniswap V2/V3, PancakeSwap, Gate.io, BKEX, and MEXC.

[1] https://info.uniswap.org/#/pools/0x81a5274b944019ddd4689239d455400aaf543536

[2] https://v2.info.uniswap.org/pair/0x70a3944215de6fa1463a098ba182634df90bb9f4

[3] https://etherscan.io/token/0x69A95185ee2a045CDC4bCd1b1Df10710395e4e23#balances