SubSquare is a project that wants to launch SubBridge, and they need to mint reservation funds to do so.

They want to mint 536.8M PHA to the SubBridge reservation account and enable three relayers to bridge PHA to Ethereum.

536.8M PHA is calculated by (1B - 463.2M), where 463.2M is the locked mining subsidy reward on Ethereum.

After 536.8M is minted, they will transfer the full crowdloan reservation to Phala and burn the amount of the actual crowdloan reward distribution.

Finally, the full redundant 16.172M PHA will be burned, and there will be follow-up operations to balance the supply.

proposalHash

Retry: Mint reserved funds for Phala SubBridge launch - motion #9

1. This is a list of assets that someone wants to register.
2. The assets are Polkadot Native Token, Glimmer, PARA, Acala Dollar, Acala Liquid DOT, and Acala Native Token.
3. Each asset has a unique ID, symbol, and decimal places.
4. The person also wants to set an execution price for each asset.
5. The execution prices range from 8 billion to 100 trillion.

calls

Register XCM assets on SubBridge - motion #7

Open Phala -> Parallel HRMP - motion #8

SubSquare is a project that needs funds to launch SubBridge.

They need to mint 536.8M PHA to the SubBridge reservation account.

This will enable three relayers to bridge PHA to Ethereum.

After minting, they will transfer the full crowdloan reservation to Phala and burn the amount of the actual crowdloan reward distribution.

Finally, the full redundant 16.172M PHA will be burned.

Mint reserved funds for Phala SubBridge launch - motion #6

SubSquare made a mistake on a project called Khala and forgot to set a safe XCM version. They made the same mistake again on another project.
They submitted a new proposal with some changes to fix the mistake.
The changes include adding a specific code before sending the proposal to Polkadot, accepting a request from Acala, and sending HRMP requests to Acala, Moonbeam, and Parallel parachain.
They also provided a raw transact call code for the proposal.

Council Motions