ChainGPT AIby
chaingptai.eth
DAO Proposal: New Opportunities for Non Stakers to Participate in IDOs
Overview:
In recent months, our community has expressed a strong desire to increase ways for users to contribute to ChainGPT’s ecosystem, specifically through the Burn Mechanism and the DAO Fund. In response, we are proposing a new mechanism to allow non-stakers to participate in IDOs, while also generating additional revenue for the ecosystem, burning CGPT tokens, and supporting the ChainGPT AI company’s treasury.
This proposal offers multiple routes for implementing a system where users can buy a tier (Bronze, Silver, Gold, Diamond) for one-time use in any upcoming IDO. The tier purchase will contribute to the CGPT token burn, the DAO Fund, and ChainGPT’s revenue model.
The goal of this initiative is to ensure that it is always more beneficial for users to stake $CGPT tokens for ongoing participation, while acknowledging that some users prefer to participate in specific IDOs without the long-term commitment of staking.
Note: This proposal is presented as a flexible mechanism to enhance user participation and revenue for the ChainGPT ecosystem. However, the DAO retains full authority over the final decision. The DAO may choose to accept, modify, or completely decline the proposal, thereby opting not to permit non-stakers to purchase staking points, tiers, or allocations without staking CGPT. The community’s feedback and vote will ultimately determine if any or all aspects of this proposal move forward.
How It Works:
When users purchase a tier for one-time use, 50% of the purchase price will be used to buy CGPT and burn it on the BNB Chain, and 50% will be directed to the Treasury of ChainGPT AI. This distribution directly supports the ecosystem and the company’s long-term development while allowing more users to participate in IDOs.
Allocation Grades for Non-Stakers:
Non-stakers can access a percentage of the total IDO allocation, ranging from 5% to 20%, depending on the size of the sale. Larger sales will allow a higher percentage for non-stakers, while smaller sales will have lower availability. The allocation breakdown is as follows:
- $0k–$200k: 5% of the total sale
- $200k–$400k: 10% of the total sale
- $400k–$600k: 15% of the total sale
- $600k+: 20% of the total sale
This tiered system ensures that non-staker participation scales proportionally with the size of the IDO, providing flexibility while preserving the core benefits for stakers. Two Implementation Options, Three Voting Options:
A) One-Time Tier Purchase for IDO Participation
Users can purchase a tier (Bronze, Silver, Gold, or Diamond) for one-time use in any IDO of their choice. Here’s how it works: • Usage: After purchasing a tier, users can participate in the same Guaranteed Round as any other staker with that tier. • Non-refundable: Once purchased, the tier is non-refundable and non-reusable. If the user decides not to participate in the IDO or requests a refund, the tier will not be refunded or reused for future sales. • Purpose: This option allows users to participate without staking but still engage with the platform’s core processes. • Fee: Participating through this option will cost users approximately 10%-20% of the CGPT required to acquire a tier on the launchpad. For example, if a user wants the same allocation as a Diamond tier member for a single IDO, the fee would range from 10,000 to 20,000 CGPT. Alternatively, users can stake 100,000 to 200,000 CGPT to secure a permanent Diamond tier, retaining their tokens and the ability to unstake them after the lock-up period ends. This ensures staking remains the more cost-effective and long-term advantageous choice.
Description: The one-time tier purchase provides an entry point for users who are interested in participating in a specific IDO but do not want to commit to staking $CGPT tokens for an extended period. This model allows non-stakers to engage in the platform, while still benefiting the ecosystem with a token burn, DAO Fund contribution, and treasury support. It’s an ideal option for users who want a flexible, short-term commitment to join an IDO of their choice.
B) Buy Allocation Without a Tier (Fee-based)
This option allows users to buy an allocation without needing a tier, but with an additional fee: • Fee: A 25%-50% fee in stablecoins will be applied to buy the allocation. • Revenue Distribution: The fee will be split as follows: • 50% will go towards the CGPT burn mechanism. • 50% will support ChainGPT AI’s company treasury. • Hard Cap: Users can only buy up to the equivalent of a Diamond-tier allocation. • Purpose: This is for users who do not wish to stake CGPT or buy a tier but still want to participate in IDOs with an associated fee.
Description: This option allows users to buy an allocation without needing to stake CGPT or purchase a full tier, but it comes with a fee. The fee is redistributed to benefit the ecosystem: a portion is burned, another portion supports the DAO Fund, and the remainder strengthens the company’s treasury. This option provides a path for users who want to participate but do not want to lock up tokens for staking or buy a full tier. The fee mechanism ensures that even non-stakers contribute to the platform’s growth and tokenomics.
C) No Changes - Maintain the Current System
The final option is to make no changes to the existing IDO system, keeping it exclusively accessible to stakers. This approach ensures that participation in ChainGPT Pad IDOs remains limited to users who stake CGPT tokens, preserving the current structure and benefits for committed stakers.
Revenue & Ecosystem Benefits:
- Token Burn: 50% of the proceeds from tier purchases will go to burn CGPT tokens, helping to reduce supply and potentially increase token value over time.
- Treasury Contribution: 50% will go to the ChainGPT AI company’s treasury, supporting the ongoing development of ChainGPT products and services.
- User Acquisition: The implementation of this proposal will attract new users to the platform, increasing participation in IDOs and further promoting the utility of the CGPT token.
- Additional Revenue Streams: By allowing non-stakers to participate in IDOs, we generate new revenue streams for the platform, which will be used to enhance the platform’s features and further drive growth.
Implementation & Pricing:
We recognize that pricing for tier purchases and direct allocation purchasing with a fee is an essential part of this proposal. Therefore, we propose that the pricing model be determined in a subsequent DAO proposal, which will focus on ensuring that it remains more beneficial for users to stake CGPT rather than buy a one-time tier for IDO participation.
We are committed to transparency in this process, and the pricing model will be made public for community feedback before any implementation.
Feedback & Community Engagement:
This proposal is just a starting point. We welcome feedback from the ChainGPT community and encourage suggestions to refine the implementation details. We also propose to set up a timeline for community discussions and a voting process, where community members can vote on this DAO proposal once the details are finalized.
The voting process will occur in two phases:
- Discussion Phase: We will gather feedback, answer questions, and refine the proposal based on community input.
- Voting Phase: Once the proposal has been adjusted, we will open up for a formal vote to approve the new feature.
Conclusion:
This proposal aims to bring new users to ChainGPT Pad, provide additional revenue streams, and allow non-stakers to participate in IDOs. By introducing these options, we hope to foster a more diverse and engaged user base, while also strengthening the overall ChainGPT ecosystem. We encourage all community members to participate in the discussion and provide feedback as we move forward with this proposal. Let’s work together to build a stronger, more vibrant community and ecosystem for ChainGPT Pad!
Disclaimer:
The information provided is for informational purposes only and should not be considered legal, financial, or investment advice. Participants should consult professionals and conduct their own research before engaging in any activities. The project team and organizers are not responsible for any financial losses or legal consequences. Participation in this DAO proposal and potential event is restricted for residents of the following countries: Algeria, Bangladesh, Bolivia, Central African Republic, China, Cuba, Egypt, Iran, Iraq, Morocco, Nepal, North Korea, South Sudan, Sudan, Syria, Venezuela, Yemen. The US and Canada are also blocked due to unclear regulation
Off-Chain Vote
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- Author
chaingptai.eth
- IPFS#bafkreic
- Voting Systemapproval
- Start DateDec 02, 2024
- End DateDec 05, 2024
- Total Votes Cast13.28M CGPT
- Total Voters56
Timeline
- Nov 25, 2024Proposal created
- Dec 02, 2024Proposal vote started
- Dec 05, 2024Proposal vote ended
- Feb 12, 2025Proposal updated