The Early Adopter Voting Power Booster
Early Adopter? You're in luck.
Last updated
Early Adopter? You're in luck.
Last updated
The Voting Power Booster is a reward for our early supporters and token holders. If you acquired $DGMV tokens before the full launch of the governance system, you'll get a bonus added to your voting power.
The benefits of the Booster are based on the governance voting power mechanism. You can learn more about this in the g section of this document.
Our current plan is for token holders who locked tokens acquired in private or public sale rounds to be eligible for a voting power bonus equal to having their tokens locked in the governance contract for two years.
While exact values and voting power calculation methods are still TBC, we're aiming for this two-year lockup to provide 10 times more voting power than tokens locked in the governance system without the booster.
Community members who don't participate in the public or private sale rounds but lock their tokens in the first 30 days of the governance system's launch will also be eligible for the booster. This will be equivalent to having had tokens locked in the governance contract for one year, and should increase voting power five times more than tokens locked in the governance contract without the booster.
To be eligible for the Voting Power Booster, you'll need to lock your tokens in the governance contract within the first month of its launch launch.
To qualify for the tenfold bonus, you'll need to provide proof of participation in private or public sale rounds. This can be as simple as connecting with the wallet you used to take part in these sales, or sending us a screenshot. We're currently exploring the most user-friendly and regulatory-compliant methods for this.
Tokens acquired in these rounds will be eligible for the tenfold bonus, even if some of the tokens have been sold along the way.
That means if you bought tokens in these rounds and sold them, you can repurchase them and still be eligible. This approach is all about reducing ambiguity around transferring tokens between wallets or holding them in custodial wallets on centralized exchanges.
Because verifying wallet ownership, token amounts and holding durations can be challenging, we're taking a lenient approach to make sure we reward all loyal community members. The aim is to make sure no one is deemed ineligible because of tracking complexities.
If you lock your $DGMV tokens in the governance contract within the first 30 days of launching the governance system, without proving your participation in private or public sale rounds, you'll still be eligible for a fivefold Voting Power Boost.
Someone purchases 1,000 purchased 1,000 $DGMV tokens in the public round and sells 500
They can lock the remaining 500 $DGMV tokens in the governance contract for a tenfold voting power bonus on those 500 tokens
OR they can repurchase the 500 $DGMV tokens and lock the entire 1,000 $DGMV tokens for a tenfold booster on all 1,000 tokens
If they decide to purchase 1,000 $DGMV tokens, they can lock 1,500 $DGMV tokens in the governance contract
In this scenario, 1,000 tokens would receive a tenfold boost, and 500 tokens will receive a fivefold boost
All this must be done before the 30-day promotional period from the launch of the DGMV governance ends