Airdrop for governors

🚀 Proposals
#1

To qualify you must be a governor and hold plr token until 27 october ( buying after is not eligible )

this will help a lot to going forward and bring all our forces for this last quarter of the year to recover. We need something strong and symbolic to inverse the negative trend

Double the holding of all governors that hold pillar and be a member of governor house ( including team holding )

This could be automatically lock for 1 year in stacking program to prevent sell pressure

UPDATE: After the governance call and understand a little more the situation , i’m going to update this proposal with an other idea

The PillarDAO can use the funds obtained from the in-app fees to buyback tokens from governors/long term holders (at say 10% more than the prevaling market rate).

so for example if PLR is trading at 0.03 cents, Pillar DAO will buy a fixed number of PLR tokens from governors for an exchange rate of 0.033 cents

buy back tokens will be burned by DAO

Holders will have possibility to buy back same amount of pillar sod at the end receive a 10% of compensation + total supply will decrease over time

I will update depend of comment and feedback from community

6 Likes
#2

I agree man. Everything is up except us.

4 Likes
#3

loyals holders and active in gov house should have benefit and not the opposite .

3 Likes
#4

Yes, I feel like we deserve it and I see it as a sign that governors are worth something to PLR. We are here since years, down against ETH big time, while PLR has a big warchest from ICO and spending it on Amazix for saying “we are online for the next few hours” without engaging in something meaningful. That is waste of money. We loyal holders that spend a lot of ETH, time and energy are left behind, I am frustrated, gimme a reason to keep believing in this project.

2 Likes
#5

I agree and it would be a great boost for those who have endured. Does anyone have any idea how many PLR that would be? I appreciate JayJay’s continued efforts.

3 Likes
#6

This is a great idea to keep the last remaining long term holders here for the next cycle. We deserve this incentive, and without it, we trickle away.

3 Likes
#7

Glad you made it in the forum Aaron!!

3 Likes
#8

Our original eth holdings have dwindled as we hold strong in our pillar position, not abandoning the project like many others.

3 Likes
#9

So many have gone already frustrated. Heck even key players have left the team to pursue other jobs.

2 Likes
#10

100 % guys . Nice to see participation here

1 Like
#11

I also love the idea of potentially locking the tokens or staking for added benefit. We would be so generous to include the team in this DAO reward. I vote yes on this proposal.

1 Like
#12

How do we bring this proposal to the next round, as we are clearly in agreement?

1 Like
#13

We need more participation but yes how it work to go to snapshot and see what the vote will decided ?

1 Like
#14

Just dont forget that many of us have their tokens in LPs on Uniswap or Quickswap. That token must be included to be fair.

1 Like
#15

Totally agree DAO money has been wasted - project needs new direction and new features added - why can’t we be all in one wallete? Instead sending people to website to interact with defi why can’t we be defi ? Just project needs to re shape or die - Coinbase wallet does more and is easier and is free same for metemask don’t even use the PLR wallete anymore

1 Like
#16

UPDATE: After the governance call and understand a little more the situation , i’m going to update this proposal with an other idea

The PillarDAO can use the funds obtained from the in-app fees to buyback tokens from governors/long term holders (at say 10% more than the prevaling market rate).

so for example if PLR is trading at 0.03 cents, Pillar DAO will buy a fixed number of PLR tokens from governors for an exchange rate of 0.033 cents

buy back tokens will be burned by DAO

Holders will have possibility to buy back same amount of pillar so at the end receive a 10% of compensation + total supply will decrease over time

I will update depend of comment and feedback from community

#17

Anything is better than nothing. I said it a few times, we need a dashboard with metrics and the possibility to lock our token for a long time e.g. I have 100k PLR, if I lock them for 1 month my multiplicator is 1,04. If I lock them for four years the multiplicator is 4. This is a incentive to lock token away for a long time because the rewards, which should be weekly distributed, depend strongly on the multiplicator. Example: we as a project earned 1000 USD in a week and we have only two people with locked token Peter & Paul. Peter has 100k locked for 1 week 100k x 1,04=104k, Paul has 100k locked for four years 100k x 4=400k. We add 104k and 400k=504k. The rewards are distributed between them. Peter gets 1000/504 x 104=206 USD in PLR and Paul gets 1000/504 x 400=794 USD in PLR.

2 Likes
#18

thanks Tranquilo for this idea . your example is more around the stacking program . I think we should focus on an independant proposal cause @Aldin is coming very soon with the stacking program proposal . My proposal is around the captured fees with the possibility to buy back tokens of long term holders , governors then burned them reducing total supply in time

#19

JayJay, in my view the distribution system could be 1:1 the same for the buyback with premium - as a booster. We should include all PLR in any Pool and off we go. One place to go, two different rewards. When we implement those mechanics we should use it for all regular rewards.

1 Like
#20

Im ALL IN Tranquillo with a proposal that will make governors which are long term holders happy.

I start the proposal but it can evoluate and offer something more attractive.

It need to be realist and possible

For now Buy back with 10% is maybe to a little when ico holders used to pay 0,1$ per coin but price can evoluate in the next coming weeks

All opinions are welcome