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ChainGPT AIChainGPT AIby0x84A7741f4D935Fb0353eca5c10A2F22177FEcef30x84A7…cef3

Introduction of a 2nd GAP round (including Bronze Tier) and remaining FCFS allocation only for Bronze Tier

Voting ended over 2 years agoSucceeded

It seems almost impossible to get an allocation in the FCFS round, the dissatisfaction with the FCFS round is strongly felt after every IDO in the Community, furthermore the suggestion of a 2nd GAP round has already been made several times by many members in the community.

A 2nd GAP round, which would Include the Bronze Tier, gives every Tier (Bronze, Silver, Gold and Diamond) the opportunity to expand their GAP allocation by a small or sometimes even larger amount. Therefore all Tiers could benefit from this change.

To make it more attractive for the Bronze Tier members, which have no Guaranteed Allocation in the current format, I would suggest that the Bronze Tier be included in the 2nd GAP Round. The allocation in the 2nd GAP round would mainly be lower than in the 1st GAP round, but this would now be a guaranteed allocation for Bronze tier members also. This new format would increase the GAP allocation for the Silver, Gold and Diamond tiers, but also for the Bronze Tier because they will now receive a guaranteed allocation for the first time.

Whatever is not sold in the 1st and 2nd GAP round goes to the FCFS. The FCFS round should only be for the Bronze Tier members. Although there will probably only be a small amount of the total allocation left over here, if this round is only for Bronze Tier members, the attractiveness for Bronze Tier members increases again by having the chance as the only Tier to add on their GAP Allocation from 2nd GAP round.

Explained using an example with numbers:

In this example, the total allocation for the IDO is $200,000.

1st GAP round: 75% (150,000$) of that total allocation is bought in the 1st GAP round, i.e. 25% (50,000$) remains. The 1st GAP round remains for Silver, Gold and Diamond tier members. The duration to buy the 1st GAP round and to register interest remains unchanged

2nd GAP round: the remaining 25% ($50,000) is again distributed to all who have registered interest and a second guaranteed allocation of the remaining 25% is distributed to all who have registered interest. The 2nd GAP round is now for Bronze, Silver, Gold and Diamond tier members. Bronze tier members now receive a guaranteed allocation in the 2nd GAP round. The duration to buy the 2nd GAP round will last for 12 hours unless otherwise specified. Bronze tier members, for example, can also register their interest like all other tiers, before the 1st GAP round.

3rd round FCFS: the remaining allocation that was not bought up in the 1st and 2nd GAP round goes to the FCFS. The remaining allocation in the FCFS will only be for Bronze tier members to maintain and even increase the attractiveness of the Bronze tier.

Off-Chain Vote

Yes, I want the introduction of a 2nd GAP round
1.51M CGPT36.6%
No, I do not want the introduction of a 2nd GAP round
2.62M CGPT63.4%
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Timeline

Dec 21, 2023Proposal created
Dec 21, 2023Proposal vote started
Dec 24, 2023Proposal vote ended
Dec 24, 2023Proposal updated