Blockzero Labs

During the Aqua token deployment, we arbitrarily chose the 1st of Jan 2023 as the expiry date since:

1. We have the functionality to either decrease or increase the expiry date for these tokens
2. We as a community did not decide on the expiry date (hence the arbitrary date of Jan 2023 being chosen)

This proposal if passed would set the deadline for all AQUA distribution claims on Dropzero to be three months (or exactly 84 days) from when this vote ends.

Some reasons to vote “Yes” for this proposal are:

1. Create a sense of urgency to claim AQUA tokens
2. Ensure the AQUA tokens are kept in hands that are contributing or using the token or protocol.
3. Ensure the community and new stakeholders are aware of the total/circulating supply - i.e 100 million tokens are not randomly claimed at some point
4. Increase the reward for the KPI Option campaign (via deflation) and thus make them more of a lucrative option for high net worth individuals.
5. The fewer tokens in existence the better for potential future stakeholders as well as current stakeholders

For context, the Flash token had an expiry date of three months post-launch. There are currently around 400 million AQUA tokens (or ~50%) that are unclaimed.

The tokens that are unclaimed would be burned. This means if 400 million tokens were left after the deadline, these tokens would be burned forever.