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HOPR Genesis DAOHOPR Genesis DAOby0x58654f05384E90004EC571ce732598C0f0b0eD790x5865…eD79

Balanced proposal: same price 0.3$

Voting ended almost 5 years agoSucceeded

This proposal is for distributing the 85m HOPR tokens to both existing members and also to new members as follows:

25m HOPR community whiltelisted (whitelist is the Genesis DAO) presale on xDAI token price $0.3: The HOPR Genesis DAO currently has about 3000 members so that would make about 8333 HOPR per person (~2500$). If the cap does not get reached within 24h, there will be additional round with max individual cap 3000 HOPR tokens per wallet. In this way the DAO could raise up to 7,5m DAI which is a good starting capital for LBP.

55m HOPR Balancer LBP on main net: This is open for anyone in Hopr Community, does not require any KYC and starts a price finding of secondary market. The proceeds from the presale start the LBP. Starting price should be $0.3 and then fall to ~0.005 if nobody buy, 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 to not just dump their tokens but actually keep liquidity on Uniswap.

In this scenario, we have same price for early adopters and community. Seems fairly and the only advantage of early adopters is the guaranteed right to participate.

None of these processes require KYC, all preserves the privacy of the HOPR community and allows for a fair distribution. That should serve everyone in the community.

Off-Chain Vote

FOR
5 15.6%
AGAINST
27 84.4%
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Timeline

Feb 05, 2021Proposal created
Feb 05, 2021Proposal vote started
Feb 28, 2021Proposal vote ended
Oct 26, 2023Proposal updated