Push Chain Tokenomics: The Next Evolution(CLOSED, MOVING TO VOTE)

First of all, thanks to the entire Push team for all their efforts right from the beginning from EPNS, to Push Protocol and now Push Chain. For anyone who’s been watching closely, the entire evolution of the Push ecosystem has followed a step-by-step process, based on a well-defined product roadmap and vision. The growth of Push has never been driven by cyclical market forces or trends. Rather, it is based on the need to solve perhaps the biggest problem in the crypto space - interoperability. With Push Chain, we are driving this core objective to the absolute maximum and I’m excited to be a part of this.

A lot has already been said about the issue of tokenomics and token migration, and I think my fellow DAO council members have thoroughly addressed this point so there’s no need to restate what has already been said. I would like to encourage all community members to look at the bigger picture here. With 70% of the token supply being reserved for the community / community initiatives (I think this might be a record in crypto btw) – it is clear that the community is at the centre of everything that is being planned. The fact that such a huge allocation has been made to the community completely flies in the face of and trumps any other argument or concerns about long-term community members not being prioritized. This is evidently not the case.

I’m happy to see that most of the community is aligned and excited about what’s coming next and I would like to encourage everyone to keep supporting the vision like we’ve always done. Push Chain = Community!

As a member of the DAO Council, I’m fully in support of this proposal and I’m ready to bring all the ammo required to make Push Chain a success.

2 Likes

Thank you to the entire Push team and our dedicated DAO contributors and builders. We’ve only gotten this far together. As a DAO Council member, and long-time Push community member, I will be voting FOR this proposal. My reasoning is in line with the other DAO Council members and I believe this is the best way forward at our disposal for the community as a whole.

The above comments from the other DAO Council members and this comment represents our whole opinion. We all believe the proposal is fair.

As others have said, 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. We have worked tirelessly for 12-months to better our community and we’re excited to continue that with Push Chain and Push Chain DAO. We will work together to make Push Chain DAO even greater and even more impactful for all community contributors and the ecosystem as a whole.

Thank you to our full, true community for being a respectful, innovative space for all builders.

The discussion period for this proposal has now closed, with the DAO Council in support and the temperature check and poll overwhelmingly in support. Delegation has ended. The vote begins and concludes as follows:

  • Snapshot goes live/vote begins - March 25, 9am EST/1PM UTC
  • Vote Concludes/Gov Result - March 29, 5pm EST/9PM UTC

We look forward to everyone’s vote here:

https://snapshot.box/#/s:pushdao.eth/proposal/0xa47e481ddf7230a9c34eb8a7f8e960269698a81529f715114600553f14491201