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Epoch IslandEpoch Islandby0x545851dB878e4a6BC684Fb000Ac04f463562B13f0x5458…B13f

Request for 1.37M EPOCH tokens for ITO Wave 2

Voting ended about 2 years agoSucceeded

In continuation of the accomplishments achieved during Wave 1, Moai Labs hereby submits this formal proposal to request a total of 1.37 million EPOCH tokens for the exclusive purpose of wave 2 ITO (Initial Time Offering).

Moai Labs proposes that Wave 2 shall comprise a total of 2 million EPOCH tokens. Out of these tokens, 1.37 million will be newly minted as per the terms outlined in this proposal, while the remaining 0.63 million will be sourced from the surplus EPOCH tokens from Wave 1.

It is proposed that 50% of the proceeds generated from Wave 2 will be allocated for distribution to the EPOCH DAO, while the remaining 50% will serve as compensation for Moai Labs' contribution to the project's success (as stated in the wave 1 proposal).

Please note that Moai Labs will exercise discretion in selecting the downside tokens and positions as deemed appropriate. However, it is essential to emphasize as part of this proposal that the initial position prices will commence at a minimum of 5% above the market rates at the time of position creation.

For your reference, the details of the Wave 1 proposal can be accessed here: https://snapshot.org/#/epochisland.eth/proposal/0x27cc0c6be497f09c1290cb1aaec5b75ec226c61e39152d0fd8fcc1cae7302a5f

We appreciate your consideration of this proposal and remain committed to the continued success of the project.

Off-Chain Vote

For
214.6M vEPOCH100%
Against
0 vEPOCH0%
Abstain
0 vEPOCH0%
Quorum:379%
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Discussion

Epoch IslandRequest for 1.37M EPOCH tokens for ITO Wave 2

Timeline

Jan 16, 2024Proposal created
Jan 16, 2024Proposal vote started
Jan 22, 2024Proposal vote ended
Jan 23, 2024Proposal updated