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SmarterCoinSmarterCoinby0x88407Ece233291877dA97Bea19DfDDbea65715cd0x8840…15cd

Do we remove #nosell gag on $SMRTR?

Voting ended over 3 years agoSucceeded

Many in the community have expressed sentiment that should AVAX hit a market cycle peak in the coming days/weeks and begin to fall before the launch of NFTreausre, then $SMRTR and $SMRTR-AVAX-LP holders could be further penalized for holding an asset in a falling market.

We truly have some of the most diamond-handed community members in crypto.

Now, we get to decide as a community if it is time to remove all wallet reputation for $SMRTR and $SMRTR-AVAX-LP.

If we remove the #nosell gag (a YES vote), we would use a snapshot from the block and time this vote is confirmed to the blockchain (end of voting period when vote is official) to determine eligibility for receiving an NFKey and founder's allocation of $TRESR.

*If you sell $SMRTR before this vote is confirmed, you will be disqualified from Diamond Tier status regardless of how community votes

If we do not remove the $SMRTR #nosell gag (a NO vote), we would continue to monitor wallet reputation until the launch and official minting of production NFKeys on the official Avalanche blockchain.

Pros for removing the #nosell gag upon confirmation of vote:

  1. Each wallet is free to make whatever decisions make most sense for their investment strategy and timeline
  2. Wallet reputation will be complete with no further wallet restrictions
  3. We will potentially build additional volume for the $SMRTR token due to new incentive for trading token volatility
  4. If there are massive shifts in SMRTR-AVAX-LP liquidity, each wallet can determine how to deal with the volatility that causes
  5. We will get a true representation of token and LP value

Cons for removing the #nosell gag upon confirmation of vote:

  1. The $SMRTR token will become increasingly more volatile
  2. There is a chance of a massive sell-off
  3. Those who have dollar cost averaged in at current prices may be upset if there is a large downturn in token price
  4. Just talking about the potential to remove #nosell could cause people to preemptively start selling and then if community votes to KEEP the #nosell gag in place, all those wallets who sold will lose their NFKey and founder's allocation of $TRESR

The NFTreasure production beta launch for SmarterCoin Diamond Hands is tentatively set for September 1, 2022. We will delay the launch if for any reason the product is not ready to release in a way that gives the greatest potential for success.

The community should decide how they wish to proceed with wallet reputation.

Do we REMOVE the #nosell gag on $SMRTR?

  1. Yes - Remove #nosell gag on $SMRTR after confirmation of this vote
  2. No - Keep #nosell gag on $SMRTR until the official NFTreasure key mint & launch

This vote will have a 19 hour warm-up period, followed by 72 hours of voting.

Off-Chain Vote

YES - Remove #nosell gag
2.1M projX46.4%
NO - Keep #nosell gag
2.43M projX53.6%
Download mobile app to vote

Discussion

SmarterCoinDo we remove #nosell gag on $SMRTR?

Timeline

Aug 05, 2022Proposal created
Aug 06, 2022Proposal vote started
Aug 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated