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Roko NetworkRoko Networkby0x6cdDA44E3B32bf1F2Ef0dbA7AF81A49a5558184frokoguardian.eth

Updated Proposal for Purchase of 1st Marlin Nodes for Cluster Operation

Voting ended about 3 years agoSucceeded

After doing initial calculations of our first proposal to purchase our very first Marlin node, we weighed our risk to reward of removing LPs during the time of approval would have left the treasury with ~18% total unlocked LPs a haircut of around 20.2% of the total 38.2% Unlocked LPs. We decided to not make haste remove LPs prematurely.

Original Proposal can be found here: https://snapshot.org/#/rokonetwork.eth/proposal/0x25ee95e188964ae69523330c1abb077c6cfc726ed66cd81dd8c83d297ce23ef2

For clarity on tokenomics please refer to the $ROKO tokenomics article here: https://mirror.xyz/rokoguardian.eth/ZcXWFOUe4nKX2FOhwdHQfxeFvuLywy82rR9T5wRq3lU

New Proposal Strategy:

Instead of removal of Unlocked LPs to fund purchase of 1 marlin nodes, we purpose utilizing roughly 0.00591490843903% of the $ROKO token Supply controlled by the treasury (~2,184,786,000 $ROKO tokens) to purchase 2 marlin nodes = 2,000,000 $POND tokens

After acquisition the $POND will be delegated for immediate staking to Alliance Block Cluster Operator https://allianceblock.io/ (A Globally Compliant Decentralized Capital Market) in the meanwhile development continues learning the ropes to set up our own Relay Cluster to begin delegating our own stake to. At which point in the near future we will be able to redelegate our $POND from Alliance Block to Roko Network Cluster Operator.

Off-Chain Vote

Approve
26.94B ROKO99%
Deny
263.46M ROKO1%
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Timeline

Mar 11, 2023Proposal created
Mar 11, 2023Proposal vote started
Mar 11, 2023Proposal vote ended
Jul 15, 2024Proposal updated