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Loot OwnersLoot Ownersby0x1EAc5345e9F0DD3a581823adAe2bbA3Bc189Dd230x1EAc…Dd23

New token Issuance for Loot

Voting ended over 4 years agoSucceeded

The Loot ecosystem has been becoming increasingly fragmented. In particular, one of the reasons is the relationship between Loot and $AGLD. Currently, there is a serious separation between those who hold the Loot and those held by $AGLD.

So, I would like to make the following suggestions.

  1. Issuing new token($ AGLD) derived from Loot. This will serve as a governance token for Loot, but without restrictions.

  2. Loot : mLoot = 8,000 : 1,308,004

  • mLoot Holders can get 0.6079% of Total Tokens = (8,000/1,316,005)*100%
  • Loot Holders can get 99.3921% of Total Tokens
  1. The token distribution is as follows.
  • 20% of tokens will be able to minted on the day of initial token distribution
  • 80% of tokens will be able to minted evenly over 36 months.

In this way, the demand for Loot and mLoot will steadily increase, and the relationship between Loot and $AGLD will become clear.

We can anticipate that $AGLD can serve as a governance token for Loot ecosystem in the long term.

Off-Chain Vote

Accept
50 42.4%
Not Accept
68 57.6%
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Timeline

Sep 29, 2021Proposal created
Sep 30, 2021Proposal vote started
Oct 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated