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Hector NetworkHector Networkby0x87AAEA9d4F1adB6f518bFB94f47D711a269B146c0x87AA…146c

TIP - 016 $500,000 allocation from treasury into FTM

Voting ended almost 4 years agoSucceeded

Over the last few months we’ve been increasing our holdings of the FTM token. These tokens are used for a variety of purposes - mainly to stake with our validators and provide a revenue stream to the project. Given the current market dip (FTM is ~$1.03 per token at the time of writing), we see an opportunity to acquire more tokens.

With a yes vote, we will use $500,000 from the treasury to purchase FTM tokens and self-delegate them to our validators in a 50/50 split.

Off-Chain Vote

Yes
36.18K HEC85%
No
6.41K HEC15%
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Timeline

Apr 25, 2022Proposal created
Apr 25, 2022Proposal vote started
Apr 26, 2022Proposal vote ended
Oct 26, 2023Proposal updated