Proposal info

Ended

Reduce LSP DAO cost

Lower cost of LSP DAO to 100,000 $LSP
9,745,899 LSP | 79.5%
Telegram voting + Foundation Wallet vote funding
0 LSP | 0%
Revoke Proposal
2,510,000 LSP | 20.5%

Description

The Lumenswap community is dead. At present, no community participation is possible due to the unrealistic costs associated with creating a DAO proposal (roughly $20,000).


As a result, the platform is experiencing terminal inertia. There is little to no evidence of preparation for smart contracts in Q4/Q1, with essential upgrades, treasury decisions and product changes needed before that if Lumenswap is to survive and begin attracting new users.


Community participation is therefore essential.


This proposal suggests the following.


Either:


1. Lower the voting costs to 100,000 $LSP


2.Use Telegram community voting in conjunction with the foundation wallet providing the 2,000,000 $LSP as funding proxy


At no point should team funds be used to veto proposals or participate in actual voting. This is merely funding the cost of proposals by proxy.


If this proposal fails, then a motion should be put forward to disband the DAO.



Duration
5 days
Status
Ended
Start time
Oct-01-2022 12:00 AM +UTC
End time
Oct-06-2022 12:00 AM +UTC
Total voter
5
Total votes
12,255,899 LSP
Proposer
Governance

Votes