IQIP-7: Creating an IQ Locking Event on a Major Centralized Exchange

Background

The IQ token has integrated several cutting edge DeFi features including IQ token rewards for staking with HiIQ, NFT raffles for HiIQ stakers, and most recently IQ Bonds on Olympus Pro. IQ holders have locked up and staked over 190 million IQ with HiIQ, lowering the circulating supply of IQ.

Overview

To take IQ to the next level this proposal involves creating an event where the users of a major centralized exchange (CEX) are incentivized to get and lock up IQ to receive IQ rewards.

The CEX would also comarket this IQ token event to their millions of users.

To provide the IQ tokens to support this initiative this proposal would issue 8.1 million IQ.

Benefits

This proposal, if passed, would create an event where the users of a major CEX are incentivized to get and lock up IQ. This would lower the circulating supply of IQ.

The comarketing of this IQ event with a major CEX would also allow their millions of users to learn about the IQ token.

Vote Options

FOR = Create an IQ Locking Event on a major CEX with the issuance of 8.1 million IQ.

AGAINST = Do nothing