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GitcoinGitcoinby0xcb42Ac441fCade3935243Ea118701f39AA004486callum.eth

AKITA tokens - A path forward

Voting ended over 4 years agoSucceeded

This Proposal is a result of discussion on the Gitcoin Forum

This Snapshot vote is proposed by 🔥_🔥, looking to finalize a decision around the AKITA tokens held by the Gitcoin Multisig.

There are 7 proposals this snapshot vote compares;

1; Proposal from @HelloShreyas outlining a short/medium/long term strategy to sell 10% of Gitcoin's AKITA balance and place 90% of its AKITA balance in a Sablier contract unlocked over 2 years.

2; Proposal from @castall proposing the Gitcoin community use AKITA as part of the next quadratic matching pool (in current and future rounds).

3; Proposal from @lightnode to deposit 100% of AKITA tokens to the Based market

4; Proposal from @relic to burn all AKITA tokens held by the Gitcoin Multisig except for 5% and leaving 5% to stimulate progress between both communities.

5; Proposal from @cryptowanderer to burn 100% of AKITA tokens to 0x0

6; Proposal from @tjayrush proposing the Gitcoin community return the AKITA funds to their source (Vitalik's sending address).

7; Proposal from @androolloyd to liquidate 100% of AKITA for ETH

This Snapshot vote aims to summarize the majority of AKITA proposals from the Gitcoin community, allowing the community to signal and ultimately make a decision on what to do with the AKITA held by Gitcoin.

Off-Chain Vote

Sell 10% of AKITA, Stream 90%
1.31M 40.6%
Use AKITA in Matching Pool
339.26K 10.5%
Deposit AKITA into Based Market
3.96K 0.1%
Burn 95% of AKITA, Keep 5%
23.01K 0.7%
Burn 100% of AKITA held
104.92K 3.2%
Return AKITA to source address
297.33 0%
Liquidate 100% of AKITA for ETH
1.45M 44.8%
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Timeline

May 31, 2021Proposal created
May 31, 2021Proposal vote started
Jun 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated