Premia

Simple Summary: Dismantle Bonding Curve and move those 25 million Premia Tokens to Premia Dev Fund time-locked smart contract.

Abstract: The Bonding Curve smart contract in its current form is no longer needed for the Premia Ecosystem. The effects as outlined in the previous community vote are seen as unfavorable, and that those tokens can be utilized elsewhere.

Specification and Implementation: Following the Bonding Curve Community Vote (“Preliminary Vote” IPFS: Qmf9B7fWv5UKNDVk1m8VZcWeVNmwkqVWspsPGXSBMu1yxb) from April 2021, the following plan is proposed to be executed:

1. At conclusion of this Bonding Curve Disassembly Core Vote (a “Core Vote”) ending in 5 days, to continue to execute the 7 day time-locked transaction (submitted 04 September 2021) to dismantle the bonding curve, and move those corresponding 25 million Premia Tokens to the 3 day “time-locked contract” known as the “Premia: Dev Fund” (Contract Address: 0xE43147dAa592C3f88402C6E2b932DB9d97bc1C7f).

2. These 25 million Premia Tokens will be utilized for protocol ecosystem development in the coming years including allocations but not limited to; adding more core contributors to the project, incentivizing new products, utilizing for strategic partnerships, joint ventures, or service contracts, long term marketing strategies, potential use with a Safety Module like mechanism, etc. at the discretion of Premian Republic, unless otherwise struck down by Protocol Governance (known as the “Premian Assembly”) or via a Premia DAO vote once transitioned via a formalized path.

Motivation: The benefits of dismantling are well known to the community, and this Core Vote proposal is to define the next steps to achieve that desired outcome.

Clarification: Vote For/In Support of: The above outlined steps will be implemented

Vote Against/In Opposition of: The above outlined steps will be ignored and the 7 day time-locked transaction to dismantle the bonding curve will be cancelled

Further Reference can be found at docs.premia.finance