This proposal is seeking approval to allocate 0.5%-1.5% of the total FATE(m) supply to a lottery (or more than 1) to be used for a Twitter "shill" (for lack of a better word) campaign. The difference between this "Twitter" lottery and others is that we will:
- Follow the same format as almost every other Twitter campaign: users will have to do several things: i.e. retweet, like, follow the FATExDAO profile, etc.
- The winner will also need to participate in a snapshot vote specifically for this (so they will have to won FATE and use it)
- Participants in this snapshot vote will be chosen randomly using an app that will trully choose the winner randomly - this will be recorded and evidenced in a manner to demonstrate that the proceedings have been done fairly.
The release of the tokens will be the same as the holders of FATE(H) and how they receive their FATE(M) - using a block rate unlock mechanism over the 52-week period of the first epoch.
We are not 100% sure we will be doing this and if we do, exactly when. We thought it best to obtain the approval so that we could have it ready as a marketing tool. If it is not used for a Twitter lottery it will be used for a similar promotion/marketing strategy.
Please vote:
- Yes - Proposal Approved
- No - Proposal Not Approved