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CyberKongzCyberKongzby0x9ffAD2FF3A59D8579E3b0EDC6c8F2F591C94DFaBcyberkongz.eth

$BANANA V2 Migration - The Future of the CyberKongz 2D/3D universe, $BANANA, and YOU

Voting ended almost 4 years agoSucceeded

Summary: Our new upcoming Jungle Adventure Play & Kollect experience ( https://docs.cyberkongz.com/ ) requires a full update to the $BANANA token contract, and an additional premint of $BANANA to supply to seasonal prize pool. Because of this we require your vote on whether or not to move forward with $BANANA V2.

Motivation: Jungle Adventure will feature a seasonal $BANANA prize pool that is distributed and reset every ten days beginning from day one of contract deployment and can be claimed by burning Kongium. The prize pool starts each ten-day season randomly at one of four different pool sizes of 5k, 10k, 15k or 20k $BANANA and steadily grows with the $BANANA spent on adventure runs in the current season.

Paid adventure runs cost 0.4 $BANANA per CyberKong VX in the crew, 50% of which goes into the $BANANA prize pool, 40% is burned and 10% will go into the treasury to sponsor community activities and seasonal specials.

Solution: To create the seasonal $BANANA prize pools for the next several years, we require a pre-mint of 3,350,000 additional $BANANA that will be locked into a time based release contract.

Holders will need to do an active token swap in which the current $BANANA token will be exchanged for a 1:1 allocation of the new $BANANA token. All new would be generated in V2.

Making Play to Kollect's $BANANA-based system more accessible to a larger amount of Kong holders is our main goal. We are convinced that in this case, the issuance of additional banana tokens is healthy for our ecosystem in the long term.

With 3,350,000 additional tokens, we increase the maximum possible $BANANA supply (regardless of previously burned $BANANA for breeding etc.) to 40 million. The total supply will thus increase by 9.14%.

Guarantees:

  1. For security reasons, a mint function is to be excluded from the contract. 2.These additional Banana tokens will be locked in the vesting contract for 6 years with an unlocking schedule of 500,000 tokens per year and they will be gradually distributed to the community through the seasonal prize pool. 3.We will not propose any further changes in the already established tokenomics in the future.

Vote Yes on this proposal to keep KONGZ RISING !OOH

Should we go ahead with the update of the $BANANA contract to start the next chapter of CyberKongz?

Off-Chain Vote

Yes!
23.68K 99.4%
No!
139 0.6%
Download mobile app to vote

Timeline

Jan 31, 2022Proposal created
Jan 31, 2022Proposal vote started
Feb 10, 2022Proposal vote ended
Jul 03, 2024Proposal updated