Token wrapping rewards (5)

Title of proposal

Token wrapping rewards (5)

Proposal Information

Proposal description:
An accurate and detailed description of what you are proposing

I propose that we incentivize the wrapping of $Bright for another month by adding an additional 50,001 $Bright to the token wrapping incentive contract.

Proposal Rationale
Detailed rationale for why this proposal exists and should matter to BRIGHT holders and/or the BrightDAO community

This will continue to keep the barrier to entry low for folks to get involved with DAO actions by incentivizing them to take the first step and wrap their $Bright tokens.

Expected duration or delivery date (if applicable):
How long do you think it will take to deliver on your proposal

Once funded this proposal can be completed within 24 hours.

Team Information

Names, usernames, and/or relevant social links for team members (Twitter, Github, BrightDAO Forum, etc.):

List of signing members of the multisig that will be receiving the funds from this proposal:
@castall @monomesa @bitsikka @Serge @Paslar @UBIpromoter @Triplespeeder @yazdaaniam @CurlyBracketEffect

Skills and previous experience in related or similar work:
What are some of your skills or related experience that might help inform BRIGHT holders about your ability to execute on your proposal

The people that will be responsible for carrying out this proposal will be the same people that have funded the incentive contract for the past 2 months. They were also the same people that took care of funding and managing the Fairdrop campaign.

Funding Information

Amount of BRIGHT requested:

I am requesting 50,001 $Bright. This is the same amount that we have funded the incentive contract with for the previous 2 months.

Ethereum address where funds shall be transferred:

0x81360A0a15710A64d0b921122660e287BeB7743F

More detailed description of how funds will be handled and used:

The requested funds will be sent to a 5 of 9 multisig that is controlled by some of the founding team and long-term contributors to the project. Once received a transaction will be called to approve the incentive contract to spend the 50,001 $Bright, and then a transaction will be submitted to send the tokens into the incentive contract. From there rewards will continue to be distributed proportionally to all those that have wrapped their $Bright.

Link to proposal on BrightDAO garden

4 Likes

passed and executed: Transaction 0x71cd2b66b84b176e7f07c15297d7fd71fa1a8a1b964cd3d399e9369b64297c62 - Gnosis Chain Explorer

Thank you :pray:

1 Like