What if we distribute the rewards that was meant for bolt across all the small cap gems.
This is to piggyback the thread listed below.
Bolt needs to be removed from getting any of the rewards. What if we spread the ZWAP percentage from bolt to all the other small cap gems in Zilliqa.
This way we do not violate the current lightning proposal, but also give a fair shot to the true projects on the Zilliqa network. This will give room to expand on the idea listed in the link below for season 2.
I did not calculate the math yet, but I would like to hear opinions.
For distributing bolt’s ZWAP rewards to other small cap tokens.
Against distributing bolt’s ZWAP rewards to other small cap tokens. Poll:
Can we please just move forward with LIP-1 the way it was originally written?
The only amendment I support is removal of Bolt. That is only because Bolt did some seriously unethical stuff.
We don’t need to pump these small tokens. That’s all you’re doing by literally handing them zwap is contributing to an artificial pump. Instead, let them work hard from the ground up and earn a spot like everyone else.
They will be split between ZLP and Port - The only other two contenders …
I truly believe that if we start handing out free money to these super new projects before they’re ready it’s going to be bad for them and ZIL in the long run. New people will come in just to try and make a quick Buck, get hurt, and leave zil forever.
Well REDC and BARTER are legitimate projects in the Zilliqa ecosystem. We can divide it up between the 4 pools, wouldn’t you think? The requirement has to be that they have a working product in the Zilliqa ecosystem.
I wouldn’t say they are handouts, but the results would have been different without bolt. So its hard to say what would have been the end result if bolt was not included. Thats why I wanted to open this up for discussion on how we divide up the rewards that were meant for bolt.
I doubt the results would’ve been much different without bolt. The majority of bolt votes were probably by the bolt devs who bought up zwap in order to vote. Which means that without bolt most of those votes would not have existed. Poll numbers wouldve been similar. Only difference is zwap wouldn’t have gone up so high before the snapshot.