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CyberTime FinanceCyberTime Financeby0xb77549FD4D20b6FCeeA883ecE79b5e593dcca37D0xb775…a37D

DAO #08 - Issue & Lock NFTL

Voting ended over 4 years agoSucceeded

Why we need issue & locked NFTL tokens?

  1. It looks very unsafe for new users when 60% of tokens are in the wallets of developers. Many are afraid of rug pull. Locking tokens can solve this problem
  2. During an audit from Certik, they identified a Major problem - centralization. By issuing tokens, we will solve this big problem

We will block ~ 29% for creator rewards and 30% for Fantasy Reward for 5 years.

After 6 months the vesting system will start with 960k NFTL unlocked every month. 50% to Author / 50% to Fantasy Rewards

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Timeline

Aug 06, 2021Proposal created
Aug 06, 2021Proposal vote started
Aug 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated