FATE MATIC holders allocation proposal

We are proposing an 8.18181818% allocation of FATE Matic supply for FATE Harmony holders based on the following - the details and explanation can be found here:

https://bit.ly/36ImnpY

This proposition assumes a minimum value increase of 50% for FATE holders (on Harmony) or it will be a 1:1 transfer. This will be assured by weekly (at minimum) checks of the price and if it does not produce an increase of at least 50% in value at any time during the distribution it will revert back to the original supply.

This is a zero-loss proposal.

Beyond the above, the proposal has the following conditions:

1. The amount of FATE received on MATIC will be based on the percent of FATE issued on Harmony that a wallet will hold at the end of the FATE Harmony rewards (unlocked) and will receive the same percentage of the subject allocation. I.e. if a wallet owns 1% of FATE Harmony rewarded, it will receive 1% of the above allocation.
2. This amount will be distributed, at minimum weekly, and at maximum by block rate, over a year: 365 days, corresponding to the end of the first epoch of FATExFi and the start of the new locked rewards release (members who have earned FATE on MATIC) and starting 2 weeks (by block rate) after the MATIC FATExFi launch.
3. The allocation 72,727,272.7 is based on FATE price with weekly “checks” to ensure that the amount will always be +50% more in value, if it is less than 50% more of the value upon closure of FATE Harmony rewards, number of tokens distributed will equal the amount of tokens a wallet had on Harmony.
4. Checks will be a minimum of once a week.
5. This supersedes all other proposals.

The result is that a FATE Harmony holder will always be able to receive 50% more than the value FATE was at the end of FATE Harmony rewards.

Once this is decided we will vote on the tokenomics.