LikeCoin Governance Proposal | #47, #48, #49 Proposal Voting Decision

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.

#47 Community Fund Usage Proposal: Transfer 20,000,000 LIKE to Tech Subdao's Multi-Signature Wallet

Proposal : Community-pool-spend Proposal: deposit 20,000,000 LIKE to Tech Subdao multisig wallet

Introduction:

 Tech Subdao has been in operation for 3 months and is on track. Progress reports are available on monthly community calls and all the payments are transparently listed in a public Google Spreadsheet: https://docs.google.com/spreadsheets/d/1oefPBR3wtTaf_uQorQYmYA -fv6kpF6uOzRtGjILnSv0/edit?usp=sharing 
Unfortunately, with the recent crypto tsunami, the USD price of LIKE was heavily hit. As a result, the teasury of Tech Subdao is seriously below the need. Meanwhile, we have not extended our spending but stick to only OurSky, with 2 developers on LikeCoin chain NFT module and dao.like.co revamp, which are both progressing well. At the current LIKE price, it costs us >2mil LIKE per week. That is why we need to request for a bigger amount of fund from the Community Pool this time and expect it to last for 8 weeks, so that there won't be another similar proposal in a short period of time. In fact, the payment to OurSky for last week is outstanding because of the lack of fund in Tech Subdao. i'm sorry for having under-estimated the need of fund in Tech Subdao.
By voting YES to this a proposal, you agree to send 20,000,000 LIKE to the Tech Subdao multisig wallet as the third tranche of fund allocated to support technical development of LikeCoin.

Tech Subdao has been running for over three months. Progress will be reported at monthly community meetings and related payment records will be published on GoogleSheet: https://docs.google.com/spreadsheets/d/1oefPBR3wtTaf_uQorQYmYA-fv6kpF6uOzRtGjILnSv0/edit?usp=sharing . Unfortunately, because of the recent tsunami in the cryptocurrency market, the USD price of LIKE has dropped significantly. As a result, the funds of Tech Subdao are seriously insufficient to pay. At present, the expansion and increase of expenditure have been stopped, and it is limited to the two developers of OurSky to develop the NFT module and the revision of dao.like.co, both of which are under development as planned. At the current LIKE price, more than 2 million LIKEs need to be paid every week. Therefore, it is necessary to apply for more funds than the past few times, and expect to pay 8 weeks to avoid frequent applications for funds in a short period of time. In fact, due to insufficient funds, the previous week's fees have not been paid. Sorry for underestimating payment needs.

Voting Yes means agreeing to transfer 20,000,000 LIKE to Tech Subdao multi-signature wallets as the third batch of funds to support the technology development of LikeCoin.

intention:

Due to the drastic changes in the market, it is inevitable that the payment amount will become larger. I am inclined to maintain the development expenditure, at least let the NFT module of LikeCoin be completed. In the face of a bear market, I don't support stopping development. Within the scope of payment, use community funds as much as possible to make LikeCoin continue to develop. Now there are results, the chain also successfully supports the like1 prefix. Looking forward to continuing to see new results.

Decision : Yes

#48 Proposal for the use of community funds: once again providing rewards for the LikeCoin pool within the Osmosis platform

Proposal : Community pool spend proposal: Renewal of Pool Incentives on Osmosis

Introduction:

 This is a community pool spend proposal to allocate 15,000,000 LIKE for ATOM/LIKE (10,000,000 LIKE) and LIKE/OSMO (5,000,000 LIKE) pools on Osmosis to be paid by the LikeCoin community pool. This proposal aims to renew Pool Incentives on Osmosis which were accepted in Proposal 37 and have ended recently. 

 This proposal, if passed would distribute the requested number of LIKE tokens to like1fr62zx24gapdul0gze8lt3y9fmtt7h6mpsgver address owned by Liker Land, which will deploy the funds to the above-mentioned pools after proposal pass to coincide with the regular incentives on Osmosis. 

 The incentive program will last for 120 days and works out to roughly: 
 ATOM/LIKE = 83,333.33 LIKE / day 
 LIKE/OSMO = 41,666.67 LIKE/day 

 Incentives would require a lock-up period of 14 days. 

 https://ipfs.io/ipfs/QmRGSSbPbhQksjE5W3eKN8nHVF86CQNnfSTAuEtVf6ACpK

This proposal is that the community fund will allocate funds to continue to provide rewards for the LikeCoin pool in Osmosis, with a total of 15,000,000 LIKEs, of which the ATOM/LIKE pool is 10,000,000 LIKE, and the LIKE/OSMO pool is 5,000,000 LIKE.

If the motion passes, the relevant LIKE will be sent to the address held by the Liker Land team: like1fr62zx24gapdul0gze8lt3y9fmtt7h6mpsgver. And it is responsible for performing the operations that provide the above-mentioned rewards.

The relevant reward program lasts for 120 days and is only available to wallets that have locked liquidity for 14 days. The daily amount is about 83,333.33 LIKEs for ATOM/LIKE pools and 41,666.67 LIKEs for LIKE/OSMO pools.

Specific scheme: https://ipfs.io/ipfs/QmRGSSbPbhQksjE5W3eKN8nHVF86CQNnfSTAuEtVf6ACpK

intention:

I have personally thought that most of the people who will provide liquidity to the LikeCoin pool are not short-term investments, especially those who remain in the LikeCoin pool when the market is falling sharply. Liquidity is very important for any cryptocurrency. Providing liquidity for LIKE on the Osmosis platform is also a contribution to the community and must bear the risk of currency price changes. In this regard, I still agree to provide incentives, as long as the amount is not too high, just to use APR to attract speculators.

Decision : Yes

#49 Community Fund Usage Proposal: Transfer 5,000,000 LIKE to Marketing Subdao's Multi-Signed Wallet

Proposal : Community-spend proposal: deposit 5,000,000 LIKE to Marketing Subdao multi-sig wallet

Introduction:

 Into the 3rd months of marketing subdao operations, we were able to kickoff several marketing initiatives including brand ambassadors, community management, and recruit design help. Progress updates are available on monthly community calls and all payouts are transparently listed in a public Google Spreadsheet: https ://docs.google.com/spreadsheets/d/1KOTPYHnsISH1gop41TDknraqLKsPch6jSiMr-_KpVF0/edit?usp=sharing. By voting YES to this proposal, you agree to send 5,000,000 LIKE to the Marketing Subdao multisig wallet as the second tranche of fund allocated to the marketing development of LikeCoin.

Marketing Subdao has also been running for 3 months, and we have launched several new promotion programs, including community ambassadors, community management and recruiting designers. The latest progress will be reported at the monthly community meeting, and related expenditures will also be published on the Google Sheet: https://docs.google.com/spreadsheets/d/1KOTPYHnsISH1gop41TDknraqLKsPch6jSiMr-_KpVF0/edit?usp=sharing. Voting Yes means agreeing to transfer 5,000,000 LIKE to the multi-signature wallet of Marketing Subdao as the second batch of funds for LikeCoin to support marketing development.

intention:

I began to see some posts and videos on Twitter promoting LikeCoin and related functional projects, which I believe will help the expansion of LikeCoin. Personally, I don’t think there are many fiat currency prices for related expenditures. On the contrary, because the price has dropped too much, it is necessary to apply for more quantities than in the past. LikeCoin can be regarded as a new project in places other than Chinese, and it needs to continue to promote itself in order to let more people know and participate.

Decision : Yes

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