How to Utilize the Remaining $XY from Exclusive Airdrop to GalaXY Kats Holders? - XY DAO Members

Summary

After launching our initial DEX offering (IDO) in early December 2021 on Copper Launch, XY Finance has decided to airdrop 100,000 $XY to all GalaXY Kats holders to reward early supporters of our NFT & GameFi project. The period for claiming has ended and surprisingly, there are still unclaimed $XY tokens left. We are grateful for all the support along the way, and in this round of DAO voting, we are inviting all XY DAO members & GalaXY Kats holders to vote on how we can use these $XY to strengthen XY Finance & GalaXYKats, our future is in your hands!

Motivation

Your voice matters to us as either XY DAO member or GalaXY Kats holder since the input & outcome of this decision will affect both communities. We would love to invite all XY DAO members & GalaXY Kats holders to vote on how we will utilize the remaining $XY from exclusive airdrop to GalaXY Kats holders. As an XY DAO member or GalaXY Kats holder or both, cast your vote now to decide the fate of these $XY!

Candidates

Option 1 - Swap Fee Rebate

Use the remaining $XY to rebate the transaction fee of GalaXY Kats Holders to expand the scope of X Swap and increase Y Pool APY

Option 2 - Marketing Budget

Use the remaining $XY as the marketing budget for GalaXY Kats

Option 3 - Community Reward

Use the remaining $XY as reward for GalaXY Kats community contributors

Voting Rules

1. Members are allowed to choose multiple options and cast as many votes as they want for the option that they prefer.
2. Upon casting your vote, each member’s total veXY will be distributed to the options according to the percentages on the option boxes.
3. Members can edit their votes even if they have already voted.

Example

User A has 1000 veXY and there are 3 options (X, Y, Z): Cast 2 votes for option X Cast 3 votes for option Y Cast no votes for option Z

Result - veXY distribution to each option: Option X: (2/5) * 1,000 = 400 veXY Option Y: (3/5) * 1,000 = 600 veXY Option Z: (0/5) * 1,000 = 0 veXY

Final Calculation

GalaXY Kats holders: 30 % voting weight XY DAO members: 70 % voting weight

As $XY & GalaXY Kats NFT are in different blocks, two proposals will be deployed and you can vote on both proposals if you are both an XY DAO member & GalaXY Kats holder. Since GalaXY Kats holders hold 30% voting weight & XY DAO members hold 70 % voting weight, the team will calculate the final result accordingly and announce the result after the poll ends.