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PieDAOPieDAOby0xa6D1FEda6fc70680816eF6A23faf5e454e2f9C09zk50.eth

[Gate 1] Change SLICE redemption asset to BCP

Voting ended over 3 years agoSucceeded

Full discussion can be found on forum thread https://forum.piedao.org/t/change-slice-redemption-asset/1342

Summary It seems to be time to consider changing the constitution of SLICE from PLAY to another asset. NFTs have been getting rekt recently and the metaverse is still a long way from being a revolutionary space, with the rampant speculation that drove the price of PLAY up circa last year mostly gone - with a corresponding drop in token value.

The token that got the most votes was BCP, with 70% choosing this token.

This proposal will change the redeemable asset from PLAY to BCP.

Author 50

Motivation, benefits + risks Change the redeemable asset to better capture market value and reduce risk associated with as-yet unproven assets.

Passing threshold -> 5% or more of veDOUGH supply must participate (874k veDOUGH) -> 60% or more of participating tokens must vote FOR

Closing notes You are called to indicate your support for this initiative:

  • FOR (Change SLICE composition from PLAY to BCP)
  • AGAINST (Keep PLAY)
  • More information

Off-Chain Vote

FOR (Change to BCP)
9.27M veDOUGH99.7%
AGAINST (Keep PLAY)
21.41K veDOUGH0.2%
MORE INFORMATION
5.33K veDOUGH0.1%
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Discussion

PieDAO[Gate 1] Change SLICE redemption asset to BCP

Timeline

Jun 22, 2022Proposal created
Jun 22, 2022Proposal vote started
Jun 29, 2022Proposal vote ended
Nov 05, 2024Proposal updated