1. Launchpad allocation proposal

Which launchpad proposal would you like to see implemented on the SingularityDAO platform?

Below are 5 proposals and 1 option to abstain your vote. Please choose one option. If no majority vote is reached, then the two highest ranked proposals will go head to head in a second round. For more info, please refer to our Medium blog post.

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Proposal - Tekbot:

I would like to see a hybrid between FCFS and Guaranteed Allocation. Token holders that have 2000 or more SDAO tokens should be able to purchase a max of 2500USD worth of IDO tokens instead of 5000USD. (Guaranteed allocation) The remaining tokens should go to FCFS for token holders that have anything below 2000 SDAO tokens.

*Due to the fact we cannot anticipate the size of any given sale, or the number of participants, it may not be possible to guarantee a dollar value to all in this way. *There would need to be a KYC requirement added to this proposal.

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Proposal - Nittynite:

I would propose a progressive weighted distribution of guaranteed allocation by amount of SDAO token (minimum of 2,000) as well as FCFS (at least 30% of of the total token) A progressive weighted distribution framework should be based on the sum of the total amount of SDAO token and number of token holders in a segment(group.) For instance, let’s say we create 3 groups of SDAO holders by the amount of SDAO tokens. 70% of total guaranteed allocation is used in this framework.

Group A : 20,000 or more token holders, 33.4% of allocation within this framework. Caps at 5% of total allocation within this group Group B: 10,000 or more token holders, 33.3% of allocation within this framework. Caps at 2% of total allocation within this group Group C: 2,000 or more token holders, 33.3% of allocation within this framework. Caps at 0.5% of total allocation within this group

Ratio of Distributed allocation (33.3%) and caps (0.5%) in each segment should be calculated by sum of total amount of SDAO token and number of token holders in a segment(group) at certain date and time.

*KYC would need to be added to this proposal.

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Proposal - MacForaday:

Step 1: KYC Period The process would begin by participants passing KYC, as usual. Step 2: Smart Contract Registration Once the KYC period ends, a smart contract will become available. All wallets that passed KYC need to register with the smart contract within a certain period of time. Step 3: Allocation Viewing After smart contract registration ends, the available tokens will be allocated evenly between all registered wallets, and the wallet owners will be able to view how many tokens they will be able to buy. Step 4: Purchase Period Once the purchase period begins, all wallets will have the option to contribute what they need to purchase their allocation; they can purchase all, or just a part of their allocation. Once the purchase period ends, any remaining tokens not purchased will move on to the FCFS phase. Step 5: First Come, First Served Period Any remaining tokens which were not purchased in the purchase period will be available to all registered wallets to purchase on a FCFS basis.

Conclusion: This system promotes fairness by giving everyone the option to purchase the same amount of tokens, but also gives a chance to purchase more if not all tokens are bought in the first purchase period.

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Proposal - Djrthree:

Registration & KYC announcement: 1 week prior to KYC Registration & KYC: 1 - 2 weeks for KYC and registration. Allocation and ICO data announcement: at least 1 week prior to ICO.

First wave: lasts 3 days. No rush to complete. No overloaded servers. Maximum contributions per tier calculated after KYC, based on interest and tier levels. One issue with an assumed allocation to all holders is that they will all purchase. Likely, many won’t, and this shifts a good amount of the token distribution over to first come first serve. So, rewarding active members, registration at KYC automatically places them in the right tier.

Second wave: (24 hours). Built into the smart contract and website are features that prevent unnecessary spending of gas. Ie, reverts to the smart contract and requirements in the html/javascript that won’t allow authorization of impossible-to-spend ETH. I feel like tens of thousands of dollars–or more-- were wasted on gas fees during the NuNet launch because these features were not implemented.

*There is very little that can be done about the way ETH works regarding fees - we already have protocols in place to prevent people buying after tokens are sold out, but it’s not possible to prevent people rushing to purchase all at the same time

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Proposal - Jon (SingularityDAO team):

From reading all suggestions, conversations on the topic and my own feelings, I have put together what I believe is a suitable solution to the problem of launchpad allocations.

DAO Membership Launchpad Pool <- Opens 24 hours BEFORE the official token sale.

90% of all available tokens are allocated evenly to all who pass KYC through 4 tiers based on the number of SDAO they have staked. This will include unbonded staking although there will be a minimum length of time staked to be eligible from the unbonded pools.

DAO members who stake 1k access one pool - 60% (of 90) DAO members who stake 10k access one pool - 30% (of 90) DAO members who stake 50K access one pool - 5% (of 90) DAO members who stake 100K access one pool - 5% (of 90)

The designated percentages are based on the number of people likely to be in each tier while also considering their relative likely buying power. This can be changed and optimized after completion of KYC, depending on how many people from each tier show interest in participating.

DAO Members then have 24 hours prior to the sale going live, to complete their purchase, up to their maximum allocation. Any un acquired tokens at the end of the 24 hour period are then added to the remaining 10%. Day of Event - Open to anyone who has passed KYC Maximum purchase capped proportionally based on number of tokens/usd value remaining After X time maximum purchase size would be removed First Come First Serve - the reserved 10% of total tokens + unsold DAO member tokens are sold.

This formulation means that all “DAO Members” are able to buy without a race, without wasted gas, at their leisure for 24 hours before the sale officially starts. On the day of the sale non-DAO members still have an opportunity to participate and acquire the remaining tokens, but will also quickly learn that in the future it is much better to become a DAO member and so are encouraged to purchase and stake SDAO tokens for future launches. On top of that, the sale still has the amazing PR of selling out within moments, doubled down with the even better PR of a happy community who were able to participate a day early for guaranteed allocations.