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HOPR Genesis DAOHOPR Genesis DAOby0x4572Ef6FD7FAA5325f31b984acE9D522c9c06B5f0x4572…6B5f

HOPR Genesis DAO Community presale on xDAI + LBP + Uniswap liquidity mining V2.2

Voting ended almost 5 years agoSucceeded

We're viewing this proposal (https://snapshot.page/#/genesis-dao.hopr.eth/proposal/QmbLvRxbdtExd4JSo4rQ87BhHgcU9iQvDYDiSx1S8Qb6Hv) and supose that model is still not optimized for testers, who understand the project, spent time and support the project. To have a small cap of 16666 HOPR ($833). Let's double fix it with optimal breakdown.

  • 75m 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 25000 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.
  • 14m 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). The 14m HOPR * $0.3 = $4.2M is pretty enough cap for LBP to make project enough liqudity with high interest to buy and not sell the tokens (based on previuos LBPs).
  • 1m liquidity mining on Uniswap: Distributed over 3 months, this incentivizes liquidity providers not just to dump their tokens but actually keep liquidity on Uniswap. This amount will be enough according to information regarding to another projects in Uniswap.

That should serve everyone in the community and make the token distribution in more correct manner.

Off-Chain Vote

Support
9 69.2%
Reject
4 30.8%
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Timeline

Feb 10, 2021Proposal created
Feb 10, 2021Proposal vote started
Feb 22, 2021Proposal vote ended
Oct 26, 2023Proposal updated