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LaunchZoneLaunchZoneby0x2368A0Eb9Fb58B8DB677F221e5CbF04E62c8de4D0x2368…de4D

Proposal for 100% release of locked farmed $BSCX instead of block vesting

Voting ended almost 4 years agoSucceeded

Dear all $BSCX and $LZ investors! I am one of the first $BSCX investors who have farmed $BSCX since early 2021. After 1 year as all other initial investors, I have been receiving the 80% of the locked BSCX on a block-by-block basis.

I myself observe the disadvantage of the linear vesting on a block-by-block for the unreleased farmed $BSCX as below:

  1. It costs time, fee and efforts for both investors and LaunchZone development team. We need to claim $BSCX everyday, then migrate it to $LZ, then lock $LZ on LZpad for IDO/INO participation, which is very annoying.

  2. Since January 2022, we observe a gradual decrease in $LZ price due to the release, which brings the uncertainty for the investors. And if this does not change, we need to experience this uncertainty for the rest of 2022.

  3. The current liquidity of $LZ is relatively low recently, accounting for 700,000 BUSD. The block vesting is actually killing our liquidity since many whales don’t want to hold the token and those we want to hold the token could not buy because they are scared of the token losing its value. The demand is low while the inflation rate is huge, pushing the token price down significantly.

By this post, I'd like to start a poll for unlocking 100% of the unreleased farmed $BSCX. Users can convert $BSCX to $LZ at the ratio of 1:1.

By offloading all the locked $LZ at once, the unsupportive users can dump and walk away, and the supporters later can buy and stay without worrying too much about the token inflation.

This also will give a chance for the $LZ holders to have more tokens for locking $LZ for IDO/INO participation, which is currently the best use case of $LZ.

I myself have locked all of my $LZ and will continue to lock all the unlocked $LZ tokens on LZpad to participate into IDO/INO that are launched by LaunchZone.

The high ROI for the successful projects launched by LaunchZone have proved my investment decisions with $BSCX and $LZ so far.

The above is my demand as the initial investor of $BSCX and $LZ. How about you? Please make your best choice!

Off-Chain Vote

Yes
2.43K 99.7%
No
6.44 0.3%
Download mobile app to vote

Timeline

Mar 17, 2022Proposal created
Mar 17, 2022Proposal vote started
Mar 27, 2022Proposal vote ended
Oct 26, 2023Proposal updated