will it be an automatic migration or therevis need for to do it manually?
Also considering how it will be done for Push holders on exchanges
Thanks Ian. I guess Iāll stake the tokens held to make sure the voting power is reflected. That said, can you please communicate with your team that unstaking also doesnāt work for everyone at the moment? The functionality is currently broken and we need to fix it. Thank you.
thanks Ian!
slightly off-topic questions:
- for new stakers is it advisable to start using the existing staking pool straight away, or wait for new pools post migration?
- if they do the first, will if affect their voting power for the ongoing vote?
- are there any disadvantages of immediate (pre-migration) staking?
1 Like
This proposal is a groundbreaking advancement for Push Protocol, paving the way for a truly universal blockchain with seamless cross-chain interoperability and scalability. The introduction of Push Chain, with its innovative tokenomics, fee abstraction, and shared state model, sets a new standard for Web3 applications. Rewarding loyal $PUSH holders with a generous 1:15 migration ratio and strong staking incentives ensures a sustainable, community-driven future. With a well-thought-out deflationary mechanism and governance restructuring, Push Chain is poised to revolutionize decentralized communication and application development.
Push Chainās tokenomics proposal focused on sustainability and community rewards! The 1:15 migration ratio and deflationary design show real commitment to long-term growth. 
My vote is in favor.
The ability to process transactions across multiple chains while maintaining scalability and efficiency is something we really need. This proposal sets a strong foundation for Push Chainās future.
The tokenomics design is also well thought out. The 1:15 migration ratio ensures fair value while preventing excessive sell pressure, and the deflationary mechanismsāboth native and cross-chain burnsāhelp create a sustainable long-term model.
The phased unlocking, staking incentives, and governance integration further strengthen the ecosystem, ensuring both decentralization and utility. Looking forward to seeing the implementation and future developments!
LGPush!
Harsh we do seriously need you to answer the critical questions that has to do with transparency of this project. I know the team reads every comment here, and I donāt understand why the team would rather conveniently answer only the questions you want to answer and not others that are critical. Every time we have asked for a community call with you the answer has been āThe management team is very busyā. Well if Elon must has time to answer questions through twitter several times a day, we all probably have time. I run two companies both much bigger than Push and even with PUSH being just one of my many many investments I have time to be involved, ask questions and provide feedback. The team has plenty of time. Please please address the below questions.
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Who is in the āCore Contributorsā pool? I am all about taking care of the DAO members and the engineers which I would believe are part of the pool. Are you and Richa also in the āCore Contributorsā pool? If so, it needs to be disclosed as I donāt believe it is ethical for the top management to get another allocation after what happened to Push Protocol and what the team intends to do to the existing holders.
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How much did āPush Chain Investorsā invest and at what valuation? Also, who are they? This should be the most clear standard that we have for what the newest market cap may represent and is also relevant to the migration tokenomics. THIS SHOULD NOT BE A SECRET. THE TOKEN TRADES ON PUBLIC EXCHANGES.
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Did any of the Series investors into EPNS such as Jump, Tiger Global, ParaFi, Sino Global, Polygon Studios, Harmony Foundation, get an allocation under āPush Chain Investorsā? I ask this because if I am one of the investors in the Series A there is no way in hell I am ok with a 1:15 conversion. I know crypto is the wild wild west, but something like this would literally get investigated from the SEC if it were a web 2 company without any of these disclosures.
Thank you.
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So you have no problem with the foundation making a promise and then completely disregarding it? The fact that the Push DAO made the same promise on governance calls based on what Harsh promised (nothing against the DAO, they just repeated Harsh understandably)? What do you mean by 1:15 migration ratio ensures fair value when Harsh directly promised to all of us that the priority was for PUSH token holders to retain PROPORTIONAL OWNERSHIP post migration? I know it doesnāt matter and it is peanuts when you hold 10k tokens or even 100k tokens for that matter, but you canāt be that negligent and overlook the team blatantly lying about the goal of the tokenomics to get the initial Push Chain proposal passed. There are community members who have kept or even bought Push tokens based on Harshās promise of proportional ownership. The new tokenomics suggests existing holders are diluted by 85% if you understand what that means. Itās about the principle. Unless you are ok with management making promises then completely changing things, you shouldnāt be in favor. Thatās all Iām saying I really need the community to stop being blind cheerleaders without understanding what is going on. It literally hurts.
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This is getting PUSHed down our throats no matter what. @harshrajat already lined up a sweet deal for investors and close friendsāno way around it.
His so-called āleadershipā failed once and will fail again, no doubt. This time, karma will hit him back HARSHly.
This DAO is held hostage, and thereās nothing to do, NYHobo. Supporters get scraps for their contributions, and theyāre content with it.
The circus goes on.
Pay peanuts, get monkeys.
Iām neither here nor there with this proposal but leaning towards being in agreement. Hoping that a valuation reset post Mainnet would make this protocol healthy again. Time will tell.
@EC3 Thanks for setting up a delegation frontend as the process via Etherscan is a bit cumbersome. Do I need to remove my funds from staking or will they be counted? Do I need to do any action in that case or will I be able to vote with my staked funds?
I feel you man. That said I still do believe in the PUSH DAO. The Push DAO from my personal experience is actually very capable and have ethical standards. The DAO is not going to be OK about the foundation making a clear promise to the community (which then the DAO repeated to the community) then turning right around and breaking it. The premise here is pretty simple. Is the DAO just a puppet and will allow the management team to do unethical things or will they keep the management team accountable for their words and actions which is exactly what the point of the DAO is.
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Voted in favor. However a couple questions to maintain some clarity:
- Will we retain our old tokens post migration or will old tokens be converted to new tokens?
- Where is the snapshot link for voting?
- Any info on whether airdrop allocation will be during TGE or will it also have a cliff or executed in tranches?
- Is there a larger airdrop allocation for holders of the old token or S1 participants? I feel S1 should have greater focus since we had gained those points by Staking Push tokens. When will this info be released?
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Hey Susanoooo. I am 100% in agreement we need to move toward somehow and need a valuation reset, which is good because the original Push Chain proposal passed. The question is whether you agree with the current tokenomics and the migration economics when the management team promised the priority for Push Chain was for the PUSH token holders to retain proportional ownership when in reality this proposal shows it will be 15%. Thanks for your feedback man.
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In a space where most projects struggle to find a product market fit, itās great to see that push is trying to find itās place by reinventing itself. Considering Push will be an L1 chain it is a massive undertaking with the potential of securing massive valuation. Bullish to see where we go from here. Will notifications also see abstraction to other chains?
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This is truly thrilling! The introduction of Push Chain signifies a significant advancement for Web3, emphasizing seamless cross-network connectivity and universal applications. Dedicating 70% to the ecosystem and community highlights commitment to decentralization and lasting development.
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Voted in favor. Read the tokenomics, and reasonable distribution of PUSH Token.
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(1) Questions about the Push Chain Investors category
Not all Push Chain investors are confirmed yet. Though many are signed on, there are also outstanding investors who - reasonably - are awaiting the confirmation of a tokenomics model. All Push Chain investors are subject to the vesting schedule listed in the primary tokenomics post.
Push Chain Investors will always come with the injection of new capital.
(2) Questions about the Core Contributor category
āCore contributorsā consist of the main team that builds the Push L1 and the ecosystem. Token allocation to core contributors is delayed by 12 months, and then follows a 24 month vesting. Building an L1 is a significant task, and requires attracting and retaining talent that is long-term aligned with the success of the project.
(3) Questions about the Staking and Voting Power
The new stakers can stake in the existing pool of PUSH if they want to. The existing pool has rewards from the channel creation of Push Protocol and might have additional rewards allocated for the airdrop through incentivized points program in the future.
Voting power for stakers is automatically granted so no voting power for the ongoing vote gets affected.
There are also no disadvantages of immediate unstaking. Though, do make sure to delegate your unstaked tokens via methods described here to take part in the voting.
(4) Questions about the Automatic Migration
Detailed instructions for migration will be released closer to the date of launch, which is still TBD but planned for this year..
For tokens held in exchanges, the plan is to ensure an automatic migration from the exchange and the community does not take any additional action. Though, this cannot be confirmed until tokenomics is approved and exchanges are contacted with details.
For tokens held in non-custodial wallets, there will be a detailed migration guide and portal for seamless conversion of the token, we will release those details with ample time given to the community for migration.
(5) Questions about the Airdrop Allocation
Airdrop allocation is planned in phases with each phase rewarding a section of users, developers or creators.
Not all airdrops will happen at TGE, some are planned after mainnet/TGE while others through our incentivized points program are active right now. Completed airdrop campaigns and their allocated token will be released in full and will be available to users at TGE.
(6) A warning for demeaning community members
Interacting with replies from community members is welcomed. Conversation for all aspects of project discussion is great as well. But threatening, making private comments or intimidating comments to other community members or DAO will not be tolerated and will result in removal from the discussion phase of governance, although the right to vote (if you have $PUSH tokens) will always be there.
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As a DAO Council member, and long-time Push community member (any other Rockstars of PUSH? 
), I will be voting FOR this proposal.
The people who truly matter and have been impacted by this community have shown, and continue to show overwhelming support to Push Protocol and Push DAO even when things have been difficult and we have been faced with ambiguity.
The Push community is more than the PUSH token, as evidenced by the people who continue to show up consistently. And while the token migration is not exactly proportional, as stated in the initial Push Chain proposal, after much thought and deliberation, I personally believe this is only fair.
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A notifications and messaging protocol launched with limited scope is in no way the same as a shared state Layer 1 blockchain, and with this in mind, the migration is more than fair in my eyes. It would have been much easier for the team to abandon Push, and the PUSH token completely and start afresh but they have chosen the more difficult path. This is the unfortunate reality of the web3 space, many teams have abandoned projects to go and work on the next new thing, with no regard for their previous supporters. And we have actually been blessed with a team thoughtful enough to take the more difficult, yet community-centered route.
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Large PUSH token holders have also been able to get disproportionately rewarded in comparison to others during the Push Points program, which will yield rewards in the future, and this was also a very thoughtful design choice by the Push team once again, and should balance out any perceived losses during the migration.
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Those migrating will get access to 50% of their migrated tokens almost instantly after TGE, when the new Push token will be in price discovery, arguably one of the best times for token price. This is in addition to being able to yield farm any locked tokens!
- Core Contributors have a 12-month delay, followed by 24-month vesting.
- Push Lab Treasury has 36-month vesting.
- Investors have 24-month linear vesting.
Once again, those migrating and the rest of the community are heavily favored. 50% of tokens are instantly unlocked, with the rest being unlocked in only 3 months, with extra tokens earned through yield farming.
Ultimately, Push Chain is a much needed step in the right direction, and the new token will benefit this community in too many ways to mention.
3 Likes
Thanks for the clarity. It does help reinforce faith in the team and the greater goal. It does feel like all measures are being taken to pump life back into the project and scale it to new levels. Core contributors are always part of tokenomics in every project. Whatās good to see here is that allocation will have a hard cliff of 12 months. Helps us have some faith in the team that they are here to build and not rugpull and snatch profits before everyone else.
I do feel this is the best shot for my tokens to see some green in the future. Thanks @harshrajat and team for answering these heavy questions instead of staying silent among all thatās going on. Appreciate you.
2 Likes
The only one being held āhostageā here is you ser. Frankly, what you are doing is just SAD, and I do not understand why you see the need to waste so much time and energy with a project you are so dissatisfied with. Perhaps you are suffering from Stockholm syndrome?
Also, you are nothing but a troll IMO. I have run the Push Governance call almost every single week from the start of 2024, and you have never bothered to show up, nor have you ever contributed anything meaningful to Push Protocol or Push DAO.
All you have ever done in this community is show up to the forum and criticize everything the Push team does while hiding behind your keyboard. I truly mean this when I say, we do not need you here, and you are free to leave at any time, we will all be much better for it. We do not need your sad and childish pleas for attention, please go and find another community to troll.
If you cannot conduct yourself in a civil and respectful manner, no one here will continue to tolerate you.
6 Likes