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CashCow ProtocolCashCow Protocolby0xBf3bB8E3509cbdaEb34A80A4a45c97A123282C100xBf3b…2C10

Proposal 6 - Improve Community Ranking Mechanism

Voting ended over 3 years agoSucceeded

Proposal Goals: Improve and simplify Community Ranking Mechanism. Increase $COW.buying pressure. Differentiate common and uncommon members. Limit the access to rare and legendary memberships.

Background: Due to the actual amount of holders, with the original community ranking mechanism, the amount of $COW required to belong to each Community Rank is the following: Common -> 1 $COW Uncommon -> 1 $COW Rare -> 9 $COW Legendary -> 518 $COW

Issues with actual mechanism: The same amount of $COW is required for both Common and Uncommon Ranks. Anyone will be able to access rare and uncommon packs with a small $COW amount, which makes them less scarce and exclusive.. The amount of $COW required to be ranked is always changing depending on the market conditions.

NOTE 1: There were three polls conducted on the proposal: 1) a poll in the VIP group of legendary members which was positive; 2) a poll in the governance channel which was positive; and 3) a preliminary vote for the new parameters.

NOTE 2: This change means users will probably need more $COW to maintain their actual Community Rank.

NOTE 3: The proposal does not affect community members who hold Genesis NFTs and HappyCows NFTs.

The Proposal: The proposal consists in setting a fixed $COW amount required to be ranked following the following rules:

Common: Hold at least 1 $COW and be in the top 50K holders. Uncommon: Hold at least 10 $COW and be in the top 10K holders. Rare: Hold a HappyCows NFT or Hold at least 100 $COW and be in the top 1K of holders. Legendary: Hold a CashCow Genesis NFT or Hold at least 1000 $COW and be in the top 100 holders. If the proposal is rejected, everything remains as it is.

Voting: Option A: Do not change the whitelisting mechanism to that described in the proposal. Option B: Change the whitelisting mechanism described in the proposal.

Off-Chain Vote

Do not change
7.45K COW42.5%
Change whitelisting mechanism
10.07K COW57.5%
Quorum:175%
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Discussion

CashCow ProtocolProposal 6 - Improve Community Ranking Mechanism

Timeline

Aug 26, 2022Proposal created
Aug 26, 2022Proposal vote started
Sep 02, 2022Proposal vote ended
Oct 26, 2023Proposal updated