• © Goverland Inc. 2026
  • v1.0.3
  • Privacy Policy
  • Terms of Use
Convergence DAOConvergence DAOby0x505FB4560914eA9c3af22b75ca55c3881472ae450x505F…ae45

Token release method

Voting ended about 1 year agoSucceeded

Quorum: 300,000 votes

—Summary—

Determine the liberation method for TAN tokens.

—Proposal—

Option 1: Vesting schedule

1- CVG users, creditors, partners, and cvgPepes:

  • 33% of the allocation is claimable at TGE;
  • The remaining 67% are linearly vested over 120 days.

2- tgUSD campaign:

  • 20% of the allocation is claimable at TGE;
  • The remaining 80% are linearly vested over 120 days.

3- Team:

  • 25% of the allocation is claimable at TGE;
  • The remaining 75% are linearly vested over 120 days.

4- DAO:

  • All the allocation is unlocked at TGE and held in a new 4/6 multisig shared by the team and community members.

All released tokens will be claimable as locked TAN (with a 4-month lock duration and a rage-quit function), not liquid TAN. The Medium article linked below provides more details.

Option 2: fully liquid release

All tokens will be released as liquid tokens at TGE without any vesting schedule, for everyone (including the team).

—Vote—

  • Option 1: Vesting schedule
  • Option 2: Fully liquid release
  • Rework proposal
  • Abstain

Off-Chain Vote

Option 1: Vesting schedule
227.2K CVG19.1%
Option 2: Fully liquid release
959.1K CVG80.8%
Rework proposal
352.45 CVG0%
Abstain
0 CVG0%
Download mobile app to vote

Discussion

Convergence DAOToken release method

Timeline

Jan 27, 2025Proposal created
Jan 27, 2025Proposal vote started
Feb 01, 2025Proposal vote ended
Feb 01, 2025Proposal updated