0x61a23604…43a5sent to0x442660dd…027b·#17,319,391·view on Etherscan
# First Ladder Reward Distribution
This proposal is to allocate 5.25 ETH from the treasury as a reward to the participants of the first ladder.
5 ETH will purchase BIGCAP tokens on Uniswap, in 5 transactions of 1 ETH to reduce the likelihood of frontrunning.
0.25 ETH will be used to cover transaction gas fees for the swaps and distribution to ladder participants.
The following rules will be enforced for the rewards. If the rules are not satisfied, the tokens will be returned to the DAO treasury:
- All participants will recieve an equally divided share of the 5 ETH worth of BIGCAP tokens.
- Participants are only eligible for a reward if they perform a trade in the ladder. Registering for the ladder **does not** automatically guarantee a reward, the participant must perform one or more trades to be eligibile.
- Multiple trades does not increase reward distribution.
- **A minimum of 25 individuals** need to participate in the ladder (to prevent collusion to reduce the numbers to increase the reward).
- The rewards will be distributed no later than 2 weeks after the first ladder finishes.