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Blockzero LabsBlockzero Labsby0x11231f7Dc863F36A6516Eb4EF052f195000e00000x1123…0000

Should we do the 100K ETH Experiment?

Voting ended over 4 years agoSucceeded

TLDR:

  • Blockzero Labs has nominated a total of 125 communities, builders, and content creators across the decentralized world. These individuals and groups are eligible to claim 1 XIO Option token.
  • There are only 100 XIO Option tokens in existence. These tokens will be redeemed on a first-come-first-serve basis.
  • The XIO Option tokens are convertible up to 10M XIO tokens based on our primary KPI. Our primary KPI is the Total Liquid Value (TLV) inside the Blockzero Vortex — a decentralized venture fund.
  • These Options will be 100% convertible once the Vortex reaches a Total Liquid Value (TLV) of 100,000 ETH. At this time, one Option is worth 0.069168 ETH ($172.92).
  • If the market cap of XIO becomes equal to the TLV of the Vortex at the time we hit our primary KPI, one Option would currently be worth 250 ETH ($625,000).

Link to full proposal: https://medium.com/bombx/the-100k-eth-experiment-f8cbf23b4838

Discuss at: https://discord.gg/JzugCwWqS2

Off-Chain Vote

Yes
2.74M 76.8%
No
826.45K 23.2%
I abstain
187.05 0%
Download mobile app to vote

Timeline

Jun 17, 2021Proposal created
Jun 17, 2021Proposal vote started
Jun 24, 2021Proposal vote ended
Oct 26, 2023Proposal updated