DAO Proposal: FCFS #1 - Adjusting the Extra Allocation for FCFS Round

Background:

The current First-Come, First-Served (FCFS) round allows users to purchase an additional 50%+ of their Guaranteed Round allocation. This mechanism was designed to ensure that if an IDO does not sell out during the Guaranteed Round, the remaining tokens would likely sell out in the FCFS round by offering existing participants the chance to buy more tokens.

Currently, 1% of the total sale in each IDO pool is reserved for the FCFS round. This means that even if the Guaranteed Round sells up to 99% of the allocation, 1% will always be available during FCFS.

This proposal seeks to reevaluate whether the extra allocation offered to participants in the FCFS round should remain at 50%+ or be adjusted to a lower percentage.

Proposal:

We propose adjusting the extra allocation for participants in the FCFS round to one of the following options:

• Option 1: Keep FCFS at 50%+ (no change).
• Option 2: Reduce FCFS to 25%+.
• Option 3: Reduce FCFS to 15%+.
• Option 4: Reduce FCFS to 0%.

Rationale:

Adjusting the FCFS allocation could have significant implications for participant engagement, fairness, and resource distribution. For example:

• High FCFS allocation (50%+): Encourages strong participation from higher-tier users, increasing the likelihood of a sellout while benefiting active participants.
• Lower FCFS allocation (25%+ or below): May result in more equitable distribution across users, creating opportunities for participants who did not register during the Guaranteed Round or missed their initial allocation.
• Zero extra allocation (0%): Limits additional purchases during FCFS, emphasizing a focus on broader participation rather than favoring those already allocated in the Guaranteed Round.

This proposal aims to gather community feedback on the optimal percentage for FCFS allocations to ensure the system balances fairness, engagement, and token distribution effectively.

Voting Options:

Community members are invited to vote for one of the following:

• Keep FCFS at 50%+ (no change).
• Reduce FCFS to 25%+.
• Reduce FCFS to 15%+.
• Reduce FCFS to 0%.

Your input will help shape the future of the FCFS round and ensure the system continues to align with the preferences of our users.

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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