0xff34…9b89 on-chain memos

0xff34a99e…9b89sent to0x88a6cee1…8f982020-12-05·#11,394,238·0x07ee017d…b82311

Proposal 10: CVP tokens allocation for PowerPool team Summary We propose to allocate 5% of TTS (5m CVP) to the PowerPool team as a long-term incentive for project development. Terms of allocation: lock-up for 1 year and 18 months linearly vesting after starting from the date of vesting contract deployment if this proposal passes. The voting power of locked tokens will be linearly vested for 18 months, starting from the same date. Motivation The PowerPool’s team originated the project and developed it without any external funding, declining all investment offers. The team delivered several mainnet audited products with “first-ever” functions and tech on the market, research and educational materials, built community, and attracted attention from top-tier DeFi professionals during four months of full-time work. Two main products got initial traction (PowerIndex, PowerOracle). The main product, PowerIndex, is successfully delivered to the market and has $4.6m TVL in less than 24hrs of operation. According to the project progress and team achievements (read below), the team demonstrated its capability to deliver reliable tech, conduct research, and build an ecosystem around the project. Token allocation as a long-term incentive for the team will secure a great future for the project, create solid DeFi products, and finally deliver the first-ever meta-governance protocol. The 5% TTS allocation will not dilute liquidity mining incentives and voting power from a long-term perspective and represent a fair incentive for the team.