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HOPR Genesis DAOHOPR Genesis DAOby0x52B88B74F2AA5f285A55A7340D20F677cf543B520x52B8…3B52

Community presale on xDAI (60m) + LBP(20m) + Uniswap liquidity mining (5m). Optimal version

Voting ended almost 5 years agoSucceeded

We're viewing this proposal (https://snapshot.page/#/genesis-dao.hopr.eth/proposal/QmV9Bdc5h1Bfnr4r5Cx6fr1QJ1uwA98C82oPxowbA8zELX) as a risk to testnet participants with the small caps ($330) and strange LBP price discovery. Let's fix it with optimal breakdown.

60m HOPR community whitelisted (whitelist is the Genesis DAO) presale on xDAI token price $0.05: The HOPR Genesis DAO currently has about 3000 members so that would make about 16666 HOPR per person. If the cap does not get reached within 24h, remove the personal cap so that the rest of the community can buy-in. In this way, the DAO could raise up to $2.5m DAI, a good starting capital for LBP. 20m HOPR Balancer LBP on the mainnet: this is open for anyone, does not require any KYC and starts a secondary market price finding. The proceeds from the presale start the LBP. Starting price should be at least $0.3 and then fall from there over 72h similar to PERP (if people buy, the price might also go higher). 5m liquidity mining on Uniswap: Distributed over 3 months, this incentivizes liquidity providers not just to dump their tokens but actually keep liquidity on Uniswap. None of these processes requires KYC, the community presale is cheap because of xDAI and all preserves the HOPR community's privacy and allows for a fair distribution. That should serve everyone in the community. Not the proposal with $330 testnet caps.

Off-Chain Vote

Support
81 79.4%
Reject
21 20.6%
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Timeline

Feb 08, 2021Proposal created
Feb 08, 2021Proposal vote started
Mar 09, 2021Proposal vote ended
Oct 26, 2023Proposal updated