Should we upgrade the Polyient Games Founder’s Key (PGFK) reward mechanism by launching Polyient Games Unity Token (PGU), or “Unity Token”?
TLDR:
- We are proposing an upgrade to the Polyient Games Founder’s Key (PGFK) reward mechanism with the launch of Polyient Games Unity Token (PGU), or “Unity Token”.
- PGU has been designed as the standard unit of liquidity for the NFT market and will enable the launch of NFT trading on the Polyient DEX
- PGU will be released in two phases. Phase 1 will include 2M in supply and will be claimable at an 80:20 ratio by PGFK and PGLP holders while Phase 2 will have a 500K annual issuance with a 95:5 PGFK:PGLP ratio. This ratio will be controlled by the PGT governance body
- Phase 1 launches shortly following the approval of the PGT governance body on 12/8/20 with an undisclosed number of claimable redemptions planned. PGU will also be listed on the Polyient DEX with a PGU-ETH trading pair and unclaimed rewards will seed the PG DAO Treasury
- Phase 2 will launch following the full distribution of the 2M supply and will enable users to boost PGFK staking weight with PG Rewards Badges
Voting on this proposal is possible using both $PGT and $PGLP tokens from PGT swap markets on the Polyient DEX. Voting will run through 12/8/2020 and if the proposal passes, we will launch PGU rewards shortly thereafter.
The full announcement can be read here: https://medium.com/polyient-games/introducing-polyient-games-unity-token-pgu-the-standard-unit-of-liquidity-for-the-nft-market-740a60f5d57e