Proposal to Launch Indigo Protocol v1

The long awaited has arrived

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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.

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It’s 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. It’s quite a difficult task to accomplish, and made even more difficult by the fact that there are so few tools developed for Cardano.

It’s a high priority to change the rewards distribution system. However, it will take time to ideate and build a solution.

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I like how indigo is building into the open source environment from the very beginning.

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Awesome @indigoteam :fire::beers:
Looking forward for the launch.

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:speaking_head: #tokenizeEverything

Latsgoo!!! :wink::+1:t2:

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its a easy choice, love this project!

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What’s the details with the airdrop and bootstrap

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I Like your toukinize everything

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Can’t wait till the protocol goes live!

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I’m really excited for iUSD. Finally a stablecoin on cardano!

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Indigo!! gogogo!!! :heart_eyes:

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I probably would have chosen muesli over wingriders but I suspect we may not hit the 10M during the LBE.

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I wouldn’t 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.

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LBE is a great input for the start of liquidity pool. Minswap is a great platform with such concept. :fire:

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From what I read above it all starts Nov 14 with the LBE (Liquidity Bootstrapping Event) on Minswap.

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This is why the team wanted to distribute tokens to DAO members 1 year after launch. I would have preferred this just so we don’t have dumpy price action distracting the community from the synthetic asset protocol itself.

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In full support of the proposal, only caviat I find is the vesting schedule, doesn’t 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 don’t get me wrong!). I think it would be fair for everyone to vote whether or not to extend the vesting schedule by, let’s sayy 6-12 months. Other than that, you guys should go ahead and deploy! :rocket: :face_with_monocle: :melting_face:

#TokenizeEverything

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So glad to see this product launch on Cardano, the builders in this community just keep amazing me, build on!

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The time has come, INDIGO GO GO

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