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Polyient Games GovernancePolyient Games Governanceby0xde99f9f91F4d6db657058a0f96CBcbDa454bc86d0xde99…c86d

PGFK Reward Mechanism Upgrade

Voting ended about 5 years agoSucceeded

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

Off-Chain Vote

YES - In favor of introducing PGU
10.64K 88.8%
NO - Against introducing PGU
1.34K 11.2%
Download mobile app to vote

Timeline

Dec 01, 2020Proposal created
Dec 03, 2020Proposal vote started
Dec 09, 2020Proposal vote ended
Oct 26, 2023Proposal updated