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baovotes.ethbaovotes.ethby0x3bC3c8aF8CFe3dFC9bA1A57c7C3b653e3f6d69510x3bC3…6951

Emergency Proposal: Increase Drip Rate

Voting ended almost 5 years agoSucceeded

Note: An emergency proposal is not a problem. It is just one of two types of quick proposal "emergency" or "accelerated" that the maintainer galaxy team members can put forward with the goal of fixing things quickly. These votes last one day.

Problem: -We planned to drip 1M PNDA over 5 days from the preprint to let people get Panda tokens before the start of farming. -Many people are over buying leaving the price of Panda overly high, minimizing the amount of holders and causing too many people to speculate on the asset. -We didn't expect this level of demand.

Solution: We should increase the drip rate to a max of 10M before the start of farming. This will still be only a fractional percentage of the amount of tokens that enter into circulation in the first week, but should help prevent price spikes.

Off-Chain Vote

Approve Increase
22.83B 98.6%
Deny Increase
312.64M 1.4%
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Timeline

Apr 21, 2021Proposal created
Apr 21, 2021Proposal vote started
Apr 23, 2021Proposal vote ended
Oct 26, 2023Proposal updated