Thanks for doing the work to get the timelock in. Liquidity is one of, if not the single most important thing, for an ecosystem.
Tessellated supports this proposal and has voted yes!
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Iâve voted NO on this proposal for the following reasons:
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Extremely large upfront payment of 50% of the first tranche (500K CELO) for Double for an unclear service. This makes the timelock on future tranches irrelevant, as Double already âclaimed their shareâ. The reward structure doesnât correlate with the value generated.
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I donât believe matching a wide range of small-cap tokens with CELO funded by the Community Treasury is the right way to either A. Build up healthy markets on Celo and B. Utilize Celo Community Treasury assets effectively.
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Femi from Wasset is here.
Wasset is a protocol that promotes sustainable waste management, leveraging blockchain technologyâs transparency and tokenization to create an incentive-driven waste circular economy. With the wasset token, we are capturing the value added to waste as it goes through sorting, cleaning, and other value-adding processes in the value chain, from the waste producers to the recyclers. By treating waste as a commodity with value, individuals and businesses can use the wasset marketplace (beta latest build) to swap their waste for cash while leveraging the network of waste collectors, agents, and recyclers to move their waste faster.
The token serves the following purpose:
- A store of waste processing value
- A means of exchanging value on the marketplace
- A utility token to access services like UBHI (Universal Basic Health Insurance), Micro Credit (waste bank), bill payment, etc.
- Funding for research around waste processing technologies and scaling existing solution or businesses
Liquidity Support: 700K CELO
Token testnet Address (currently being audited): 0x1b8E6cB984eBcF24Ea2f56255650107E30661B0E
Thank you for sharing your project info.
1 Like