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SmarterCoinSmarterCoinby0xbDe951E26aae4F39e20628724f58293A4E6457D40xbDe9…57D4

Determine Founder's Allocation Lockup & Vesting Period for $TRESR Token

Voting ended over 3 years agoSucceeded

UPDATE: This vote will now be RANKED CHOICE VOTING with a 72-hour voting period.

Every wallet that mints an NFKey by using their Diamond Tier status from the SmarterCoin experiment will also receive a founder's allocation of $TRESR token to reward the early input, collaboration, and creativity that went into creating NFTreasure.

It is vital to the long-term growth and sustainability of NFTreasure that this allocation is delivered in a sustainable way and contributes to a healthy ecosystem.

Elected Project Lead, Jon Ray, has shared some thoughts on the initial lockup period for this founder's allocation of $TRESR in the following video and document:

Video: https://youtu.be/4JB5EOmVXEU

Document: https://docs.google.com/document/d/e/2PACX-1vQwkZ4u_RRXCowYcX8oQS9aV0qAS6TY0l_Q-9nToY7nUvmMZfrPwreFUD1wscqOlYaEesqM0RFDV69Z/pub

Each founding member of the community must now vote for what lockup and vesting period they feel will be most advantageous for the NFTreasure ecosystem.

Options:

  1. Do we lock up the founder allocation for 90-days and then vest those tokens over 90-days after lockup?

  2. Do we lock up the founder allocation for 180-days and then vest those tokens over 180-days after lockup?

  3. Do we lock up the founder allocation for 365-days and then vest those tokens over 365-days after lockup?

Pros of a longer lock up period:

  1. More sustainable for protocol
  2. Encourages proper supply/demand equilibrium
  3. Gives enough space for NFTreasure to hit a potential tipping point of growth

Cons of a longer lock up period:

  1. Requires long-term thinking (funds locked for extended period of time)
  2. If the project does not succeed, long-term allocation will be worthless
  3. Potential negative sentiment from those who are just looking to dump & exit project quickly

Please vote your conscience and your conviction for the $TRESR lock up and vesting period of the founder's allocation for SmarterCoin Diamond Tiers minting an NFKey in NFTreasure.

UPDATE: This vote will be RANKED CHOICE VOTING with a 72-hour voting period.

Off-Chain Vote

90-Day Lockup / 90-Day Vesting
204.94K projX5.3%
180-Day Lockup / 180-Day Vesting
2.31M projX60.1%
365-Day Lockup / 365-Day Vesting
1.33M projX34.6%
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Discussion

SmarterCoinDetermine Founder's Allocation Lockup & Vesting Period for $TRESR Token

Timeline

Aug 06, 2022Proposal created
Aug 06, 2022Proposal vote started
Aug 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated