The long awaited has arrived
this clarification helps, as to the purpose of the 21M batch of tokens. As to the manner of distribution of said 21M, i was thinking that majority of this batch would go out by smart contract adherence to the protocol rules. it could just be a case of me splitting hairs or petty semantics though.
Itâs not yet technically feasible for distribution to occur via smart contracts using Indigo. An entirely new protocol will have to be developed to handle this. Itâs quite a difficult task to accomplish, and made even more difficult by the fact that there are so few tools developed for Cardano.
Itâs a high priority to change the rewards distribution system. However, it will take time to ideate and build a solution.
I like how indigo is building into the open source environment from the very beginning.
Awesome @indigoteam
Looking forward for the launch.
#tokenizeEverything
Latsgoo!!!
its a easy choice, love this project!
Whatâs the details with the airdrop and bootstrap
I Like your toukinize everything
Canât wait till the protocol goes live!
Iâm really excited for iUSD. Finally a stablecoin on cardano!
Indigo!! gogogo!!!
I probably would have chosen muesli over wingriders but I suspect we may not hit the 10M during the LBE.
I wouldnât mind a slow roll out of the testnet accompanied by multiple independent audits but If the Lab and Foundation are ready and confident then so am I.
LBE is a great input for the start of liquidity pool. Minswap is a great platform with such concept.
From what I read above it all starts Nov 14 with the LBE (Liquidity Bootstrapping Event) on Minswap.
This is why the team wanted to distribute tokens to DAO members 1 year after launch. I would have preferred this just so we donât have dumpy price action distracting the community from the synthetic asset protocol itself.
In full support of the proposal, only caviat I find is the vesting schedule, doesnât 24 months seem a little too quick to vest? I would definetely vouch for an extension to 36 months, it just seems more reasonable given it is 25% (which is very fair donât get me wrong!). I think it would be fair for everyone to vote whether or not to extend the vesting schedule by, letâs sayy 6-12 months. Other than that, you guys should go ahead and deploy!
#TokenizeEverything
So glad to see this product launch on Cardano, the builders in this community just keep amazing me, build on!
The time has come, INDIGO GO GO