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ChoccySwapChoccySwapby0xe245b9eF57088F0f6b19bAF2D4FF1D0b35BDD6E20xe245…D6E2

Solution to handle the remaining 4.5 million tokens

Voting ended over 3 years agoSucceeded

27 million tokens was designed to be a locked liquidity pool at launch of the Choccyswap in April. However only 22.5 million CCY tokens were used and the remaining 4.5 million CCY tokens is now not locked and located in a wallet. (Address and link please scroll down to bottom)

As a community member and a big fan of Chromia project, I would like to find a solution to this asap before this community grows bigger and have it done right. Regardless of how we got here, we are not here to point fingers, but solely find an acceptable solution which will be satisfied by most stake holders.

Solution 1. Burn the whole 4.5 million tokens (least impact, most fair, as if these token never existed)

Solution 2. Redistribute the tokens to all the holders who have bought from this liquidity pool since launch. (may trigger price impact, it is technically difficult to implement)

Solution 3. Redistribute the tokens to all holders according to their token holding size, excluding VC, Dev and treasury wallets. (may triger price impact)

Solution 4. Create a TG poll or Discord poll to decide the fate of the tokens. (As we only have 400 holders and over 1000 members in TG group, the result maybe tempered and could be not fair.)

I encourage everyone to do research and fully understand this and ask as many questions as possible on TG.

wallet address 0x5c242820f315063513f28d1f695f8ad0232efdd4 Or link below https://snowtrace.io/token/0xb723783e0f9015c8E20b87F6CF7ae24dF6479e62?a=0x5c242820f315063513f28d1f695f8ad0232efdd4

Off-Chain Vote

1. Burn all
2.06M CCY86.8%
2. redistribute (refer to text)
0 CCY0%
3. redistribute (refer to text)
313.52K CCY13.2%
4. TG poll or Discord Poll
0 CCY0%
5. undecided.
0 CCY0%
Download mobile app to vote

Timeline

Jul 26, 2022Proposal created
Jul 26, 2022Proposal vote started
Aug 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated