HIP-18 | Budget Allocation for Exchange Maintenance

Completed Votes
1

:small_orange_diamond:HIP-18 | Budget Allocation for Exchange Maintenance :small_orange_diamond:

Snapshot Time for the Vote:

First block after August 25, 08:59 pm UTC time.

Voting Period:

Voting starts: August 25, 09:00 pm UTC time
Voting ends: August 31, 09:00 pm UTC time

Threshold for Approval:

  • 51% Approval Rate

Summary of Proposal:

  • Allocate a $12,000 budget over 3 Months towards funding Kucoin specific trading competitions like the one we had recently
  • Activity from competitions to help with volumes of Hydra and to comply with the unilateral criteria of the Exchange management.
  • If well received by the community, this activity will help towards mitigating a potential delisting from Kucoin, although not a guarantee.
  • If during this 3 month term, Kucoin decides to delist despite the activity, funding to this initiative will be stopped at the earliest.
  • To help with ensuring that the trading competitions do not stop midway abruptly, we will have it as a Monthly rolling activity with 4k per month for 3 months.

Link to the Full Proposal:

Voting Procedure:

  1. Visit https://vote.hydrachain.org/

  2. Select the proposal you want to vote on. HIP-18 | Budget Allocation for Exchange Maintenance in this case.

  3. Pick between For or Against. Optionally you can Abstain

  4. Click on “Caste Vote” and approve the Voting transaction in your Wallet

Thank you for your participation!

1 Like
3

Results of the Vote conducted on https://vote.hydrachain.org/ for HIP-18

For - 64.06%
Against - 35.94%
Abstain - No voters decided to abstain

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