LikeCoin Governance Proposal | Voting Decision on Proposal #30

I will briefly explain the motion, put forward my own ideas, and finally clearly state my voting decision. If you have entrusted likecoin to me, but do not agree with my decision, you can leave a message and tell me your thoughts, or you can vote by yourself. You can ask me about the voting method, or you can read Daisy's teaching article. Appreciate the citizens of the Republic of Citizens AKA All Likers can now directly vote for governance proposals! . If you really strongly deny me, you can also drag the transfer to other verifiers.

If the content is unclear, you can ask me. It is also encouraged to look at the related works, the way of the likecoin governance proposal, and the thinking of liquid democracy.

#30 [Amendment #25 Proposal] Proposal for a fairdrop LIKE to the Cosmos community and appreciation citizens f

Proposal : [Rectify Proposal 25] Proposal to Fairdrop LikeCoin to the Cosmos Community and Civic Likers

Introduction :

Motion Amendment #25 is required for the following reasons:

1. The total amount of F airdrop is fixed at 50,000,000 LIKE. Among them, 20,000,000 LIKE objects are holders of ATOM; 20,000,000 LIKE objects are holders of OSMO; 10,000,000 LIKE objects are appreciated citizens.
2. All eligible ATOM or OSMO holders should be counted, and the total distribution of the overall distribution needs to correspond to 20,000,000 LIKE.
3. During development work, the Liker Land team discovered that the previous formula did not include collateralized liquidity, affecting all eligible ATOM or OSMO holders.
4. To deal with the above situation, the formula in Motion #25 needs to be modified.
5. The relevant corrections are:
   4.66794061000134 changed to 4.6090751814769835
   8.51547544328102 changed to 5.7111829292719225
6. It is also proposed to delete (gamify) item 5 in the claim requirement, and not to add liquidity to the LIKE-related liquidity pool. The 5 requirements have been changed to 4, and each completed one can get 25% of the LIKE that can be claimed.

The revised detailed proposal can be found here: ipfs://QmeJCtRT78G2cWEyTP2Ufj73sobYvaPjacDtkbFn8ymTeh or https://3oinsmptugqipuluhj4iv6txqxep7za3ngnbrpauf55uquiikova.arweave.net/25DZMfOhoIURdDp4ivp3hcj_5Btpmhi6oFC97

Intention :

I don't have any special idea about the correction of the formula. If there is a problem, just correct it.

For item 5 with the removal requirement:

1. Some people have asked because the current operation is too cumbersome, and it takes a lot of knowledge and experience to understand the relevant principles and consequences.
2. One thing I also agree with is that the current liquidity pool on Osmosis can obviously meet the needs of LIKE's currency exchange, and there is no need to invest any more. It also avoids affecting the annual interest rate of staking rewards in the current pool.
3. In addition, I personally also guess that actively requesting to put LIKE into the liquidity pool will also have an impact on the price of LIKE in the short term. I think removing this would benefit the community.

Decision : Yes

I'm John Shao, thank you for being here. If you want to know more about me and want to support me, please see this article !