INTRO: @Cryptopathic as been elected as SnoopDao chairman and over-seer. He put in place a new team to take over from SquidDao. We are working on several major reforms of this protocol to give it a new life.
Before @Cryptopathic takeover: Every NFT from the auction = 1 vote. $SNOOP and $SSNOOP = 0 vote.
Since most NFT holders has abandoned this DAO. We are immediately using this proposed formula below for voting. The intent of this proposal is only to confirm the new voting policy of the SnoopDao protocol that we are now using.
PROPOSED: This proposal and the next ones will count votes as the following.
1 $SNOOP = 0 vote 1 $SSNOOP = 1 vote 1 NFT = a/b = x vote •
• a = Total inflow of token since auction #48•• b = number of auction NFT on the market(since auction # 48)••• x = number of vote per NFT
•• The first 36 auctions of NFT(up to #85) and following auctions bid in $DOG will be calculated as : 1 $DOG = 1 $SSNOOP = 1 voting power.
Some auctions in the future may raise bids from tokens other than $DOG. In that case, the voting power for those auctions will be determined by the $DOG equivalent value of those alternate tokens.
••• NFT #1 to #47 does not have voting power, since they receive 10 million $SNOOP per NFT.
BENEFIT:
➡️Help to align NFT holders and $SSNOOP holders interest together ➡️Give to anyone the chance to contribute to the DAO ➡️Help grow our community in a more fair and decentralize way. A real DAO. ➡️Give more control to the $SSNOOP holders, the real owner of the DAO.
Vote For: I approve the new voting policy.
Vote Against: I do not approve the new voting policy.
Vote Abstain: You have no opinion on this matter.
NOTE: Any NFT Holders or $SSNOOP holders not voting are going to be considered to have abstained themselves and are not going to be considered to achieve majority vote.