Prop-002, Should DAO BOO be allocated for a CEX Listing?
Prop-002 proposes that DAO BOO, reflected as a percent of the total supply of BOO, be set aside to be used for a Tier 1 CEX Listing.
This Prop is not a guarantee of getting a listing, merely an ask of approval to spend DAO BOO. It is also the MAXIMUM AMOUNT to spend for a single Tier 1 CEX Listing, and does not mean that much would be spent, nor does it necessarily mean the BOO would be sold.
The DAO currently has roughly 4% of the Max Supply of BOO at its disposal.
Examples of Tier 1 exchanges: Binance, Huobi, Kucoin, OKEx, FTX, Bitfinex, Coinbase, Kraken, Gemini
Disclaimer: This is a non-exhaustive list of examples of what we believe are Tier 1 exchanges and does not necessarily mean we are speaking with any of them.
Some benefits of a Tier 1 Centralized Exchange listing:
- Easier ability to apply for a BOO Oracle on Band or Chainlink, allowing for BOO to be used as collateral in lending markets
- Allows for a much wider market of traders to Buy BOO, also introduces arbitrage opportunities
- Extremely good advertising
Keep in mind you can make multiple choices for this vote as it is ranked choice voting! This means you can set priorities for your vote, basically 1st choice, 2nd choice etc
The choices we propose are:
| % of Max Supply | Number of BOO | $ at time of vote |
|---|---|---|
| 0% | 0 | 0 |
| 0.02% | 2733 | $61,005 |
| 0.05% | 6,833 | $150,000 |
| 0.1% | 13,666 | $300,000 |
| 0.15% | 20,499 | $450,000 |
| 0.2% | 27,332 | $600,000 |
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xae1F...2e9466 | 376,782 | (1st) 0.2% |
 0x4CAe...FA3C2D | 209,244 | (1st) 0.15%, (2nd) 0.2%, (3rd) 0.1%, (4th) 0.05%, (5th) 0.02%, (6th) 0% |
 0xB879...450a8b | 166,538 | (1st) 0.2%, (2nd) 0.15%, (3rd) 0.1% |
 0x9b5C...f585b4 | 129,573 | (1st) 0.2% |
 0x9D84...D2Ce17 | 98,571 | (1st) 0.2%, (2nd) 0.15% |
VOTE POWER
Proposal Status
- Thu October 21 2021, 02:00 pmVoting Period Starts
- Mon October 25 2021, 12:00 amEnd Voting Period
Current Results
1-0.2%
1.602M
2-0.1%
272,423.076
3-0.15%
268,047.653