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Proposal #835

Transfer unclaimed NTRN airdrop tokens to Cosmos Hub

PassedText Proposal

Passed on 27 Oct 2023 with 99.1% of the votes for yes.

Yes

99.1%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

27 Oct 2023

The ballotvotes cast · final tally
Yes

99.06%

of votes cast

Abstain

0.92%

of votes cast

No

0.01%

of votes cast

Veto

0.00%

of votes cast

Summary

This proposal seeks to ratify the following motions:

  1. Authorize the Neutron DAO to execute a proposal to trustlessly transfer ~42,727,950 unclaimed NTRN tokens to the Cosmos Hub community pool. This requires instantiating specific smart-contracts to register an Interchain Account on the Cosmos Hub, transferring the tokens over IBC and executing a FundCommunityPool message.
  2. Adopt the following rules for how the Cosmos Hub network, governance and community may use or deploy these tokens to ensure long-term alignment between Cosmos Hub and Neutron:
    1. Do no harm: The Cosmos Hub, its governance and community pledge to only use or deploy the NTRN tokens in ways that do not harm the Neutron network or DAO.
    2. Cooperation: The Cosmos Hub, its governance and community pledge to use or deploy the NTRN tokens in ways that benefit both the Cosmos Hub and the Neutron network and DAO.
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Governance votes

The following items summarize the voting options and what they mean for this proposal:

YES: You authorize the Neutron DAO to perform the steps required to trustlessly transfer unclaimed airdrop tokens to the Cosmos community pool and vote in favor of adopting the “Do no harm” and “Cooperation” rules to guide the future use of the NTRN tokens.

NO: You do not wish to authorize the Neutron DAO to perform the steps required to trustlessly transfer unclaimed airdrop tokens to the Cosmos community pool and/or do not support the adoption the “Do no harm” and “Cooperation” rules.

ABSTAIN: You wish to contribute to the quorum but you formally decline to vote either for or against the proposal.

NO WITH VETO - A ‘NoWithVeto’ vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Cosmos Hub, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Cosmos Hub governance. If the number of ‘NoWithVeto’ votes is greater than a third of total votes, the proposal is rejected and the deposits are burned.

Timeline

  1. Submitted13 Oct 2023
  2. Voting started13 Oct 2023
  3. Voting ended27 Oct 2023
  4. Deposit deadline27 Oct 2023

Proposer

Address
Deposit250

Rules

Not recorded for this proposal.