Proposal #3
Referendum #61

Funding Proposal for Polkadot and Kusama Slot Auctions

Democracy
8mos ago
6 Comments
Passed
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Votes
99.8%Aye
Passing thresholdSuperMajorityApprove
0.2%Nay
Aye
10.1KPHA
Nay
22PHA
Turnout
10.11KPHA
Electorate
0PHA
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This proposal should have been written before PHALA decided to borrow DOT from the proposer's company! Why didn't they go to auction with DOT from small investors?
Marvin always talks about decentralization, transparency, and this proposal is completely contrary! You're acting as if running a private company and trying to deceive us with such a proposal.

At the very least, the exchange rate itself is not consistent with the day when DOT was borrowed (once in Dec. '23, when 1 PHA was 0.022 DOT?).

This proposal has my strong NO and is a mockery to all other PHALA owners!!

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只要PHA未来价格能走强,需要我们都会支持,希望PHA价格也给点力,再让人们继续无望的话社区都没了还谈什么支持

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Although I believe that slot renewal should be something planned and holding DOT a strategic necessity to continue operating in the Polkadot ecosystem, I am in favor of the refund...I ask this though, will the requested refund be immediately converted to USDT or DOT to cover expenses or other immminent initiatives?

In case there is no such need I suggest making 4 refund requests over the 2 years of crowdloan in order to mediate PHA price and reduce selling pressure.

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Hi guys, here's my thoughts and feedback based on above comments.
https://x.com/marvin_tong/status/1756003625149886819?s=20
Thank you for making your voice!

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Happy 🎉🎉🎉🎉

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