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Red Ponzi GudRed Ponzi Gudby0x7bF58b368472DDcC31b506627bb9b1b0DBA33D9Acoinbasehotwallet.eth

Switch rewards to $RPG

Voting ended about 2 years agoSucceeded

Hold $RPG, earn $RPG.

I humbly propose that we temporarily switch farming rewards to RPG. As we all know, we are facing challenging times as RPG holders. We've failed to reclaim 1M MC and hold it, despite the switch back to COQ rewards.

WHAT we farm is not the issue, the issue is...we have no volume. At the time of writing RPG sits at one of it's lowest volume days, a mere $101k in volume.

Whatever COQ rewards we are receiving are minimal, and non whale holders are not even able to do much with them due to gas prices. Many believers in RPG wish to compound rewards back into $RPG, but with gas prices often times getting high, it's impossible to do so without losing money.

Farming RPG provides the following short term benefits

  • Constant buys on the chart
  • Constant and steady volume
  • Ability to double dip on rewards, RPG holders will earn tax on all automated buys PLUS any extra sell pressure from those dumping rewards
  • Ability to potentially establish a higher floor due to RPG buying pressure
  • Ability to reward loyal community members who are wishing to compound and or might be unable to DCA by enabling them to accumulate more $RPG at a very low MC

I propose this change until a market cap of 1 Million is once again reached, and maintained for a period of 24 hours.

Off-Chain Vote

Hold $RPG, Earn $RPG
860.57B RPG20.6%
No Change To Rewards
3.32T RPG79.4%
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Timeline

Dec 22, 2023Proposal created
Dec 22, 2023Proposal vote started
Dec 23, 2023Proposal vote ended
Dec 23, 2023Proposal updated