Token Relaunch of Habitat
Info about Token Economics, Snapshot and DAO Setup
A new token is needed to leave HBT behind and continue looking forward. We want to learn from the setup we had and prevent such attack vectors altogether. This post should give more clarity on the next steps.
Snapshot
As discussed in the social channels the Habitat team has taken a snapshot right before the multi-sig incident.
All token holders will get to claim their fair share of tokens in the upcoming token launch. All shareholders will be taking into consideration (liquidity providers, long-term holders, rollup users, HBT holders)
Some shareholder groups will get a bonus for using the app, by providing liquidity or by being a community member before the Mainnet launch.
Important: If you still have unclaimed rollup rewards, then please claim them. Otherwise, they will not count towards your HBT balance.
Search for your final balance on the spreadsheet: Excel Table - read-only Link
New Tokenomics
We have a couple of takeaways from the initial HBT launch back in March that we want to do right from the beginning now. Especially the liquidity issue should be solved via a DAO-owned liquidity position without inflationary yield farming.
Symbol: HABITAT
Max Supply: 10 Million
Allocation:
Community Airdrop = 30,42 %
≈3.041.987,80
- as owed in the excel sheet above
- claimable on the specified date (open for discussion)
DAO Allocation = 50%
= 5.000.000
- available or to be vested (open for discussion)
- subject to governance vote
Liquidity = 15%
= 1.500.000
- distribution mechanism (open for discussion)
- to be used in bootstrap auction/bond program/similar mechanism
Team + Future Ops = 5%
= 500.000
- 300.000 for the current team
- Rest for Contributors & Future Ops
- More funds can be requested from the community reserve
Full DAO Ownership
To prevent a single point of failure - as we have seen in the multi-sig incident - we want to decentralize power and influence. The team is therefore reducing its share and wants to empower more community members to take lead and ownership.
Funds are safe when the entire community can have a fair say. If the genesis team succeeds with v2 more funds for further development and contributors can be requested if needed.
Among the next steps for the Habitat Governance the Genesis Team is proposing a delegation program - all token-holders are invited to delegate or act as delegatee within the DAO. That means the HABITAT holders can delegate their voting power to the team and if they don't agree on matters can reclaim their tokens (Liquid Democracy). This functionality was planned for v2 anyway.
In general, as the current plan goes Habitat v2 can cover all of the DAO tools we need to govern ourselves with the community. That means more direct dog-feeding and iterations so other communities can join a more sophisticated platform.
Community Call - Next Week
Please have a look at the points above and note any questions, ideas or suggestions. Bring them forth in an upcoming community call next week. Let’s discuss this proposal.
To select the best time, please signal us your best time slot under this doodle link.
Thank you!
Max - I recently purchased quite a large sum of HBT. Will that transfer over to V2? If not, what will happen to current HBT tokens?