Introducing The INDEX Token Proposal System
DAO's are all the rage!
Decentralization is the buzzword of the year!
Look, we will never claim to be the be all and end all of 'revolutionary' tech...But here's something we do believe in....Everyone's voice NEEDS to be heard!
And INDEX Token for the past 2 years has always gone to our community to ask for their ideas and thoughts on how we should proceed when it comes to the project.
Tonight, we tried to give the token holders a new way to decide how INDEX manages the fund.
Introducing the INDEX Proposal System!
Here's how it works....
Spend your CTP Tokens to create a proposal.
Create a post on CTPtalk.com (or any Hive front end) and link your proposal to the post.
Once your proposal gets approved, it will be developed or added to INDEX.
For a few extra CTP tokens, you can highlight your proposal for it to stick out a little bit ;)
All CTP spent on the proposals...Gets returned to INDEX holders as daily payments!
We think it's a pretty cool new feature for the INDEX and hey...More use case for the CTP token ;)
Wanna give it a try?
=> Check out the new INDEX Proposal system now!
And let us know what you think....
I didn't expect that! Well done guys. I kept saying I'll buy more INDEX, looks like I might be too late for that (kind of), lol.
Never too late :)
Yeah we're pretty excited to see how it goes!
!CTP
Another utility mode for CTP. And giving the word to the users is essential for the success of any project.
Absolutely! Always trying to build new things here on the blockchain!
!CTP
A good move in the right direction :)
Posted Using LeoFinance Beta
Appreciated sir, thanks for stopping by!
!CTP
I think it's a good system. From what I see, it's based on how much INDEX we have but what will you do if there is a ton of people who sit on INDEX but don't vote at all?
Posted Using LeoFinance Beta
Well currently the majority of INDEX is held by less than 10 accounts. So getting any proposal to the 50% mark won't be too hard even if a lot of people don't vote. But I'm also going to add a bot to the discord to notify everyone when a new proposal is created
Oh, was it only 50%? I thought it was like 75% or so based on the 113,242.954 needed to pass and 141,553.693 votes available.
Posted Using LeoFinance Beta
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Looks great another use case to the moon baby
Dig a little deep, and you see a lot of amazing use cases for all our projects :)
!CTP
I think you guys have a hit on your hands.
(And people ask me why I buy so many CTP tokens, lol)
This is just the tip of the ice berg :)
!CTP
Amazing. you guys do not stop. I need to buy more index now.
!PIZZA
Slow and steady, always building in the background :)
!CTP
This will provide a more formal process to have holders of the Index shares to propose and vote on how the funds of INDEX are invested and/or paid out. I think this is a very good idea to implement. Take care.
!CTP
https://twitter.com/14748898/status/1594167571418599424
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A great innovation. Great one guys!