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No Treasury Withdrawals until ADA > $3
activedrep1ytpkv5fdc3cutccr5mp2leqrv2q5gt0uhka3gnrggcgrynsr4hxfp
Voting power
₳361.71K
0.007% of DRep-delegated stake
Delegators
21
Votes cast
0
0 yes · 0 no · 0 abstain
Active until
epoch 679
19 epochs left without voting
Deposit
₳500
Objectives
ADA price increase is the only remedy for our declining ecosystem.
Stop the treasury spending.
I will vote "NO" on all treasury withdrawal proposals until ADA price > $3
The following are 3 exceptions where appropriate voting consideration will be applied:
- Loan withdrawals with BTC or Stablecoin collateral (sorry, but i don't care about your made up tokens)
- NCL to be set to the Treasury income amount from previous year
- Burning treasury funds
Motivations
Founding entities have massive power over the ecosystem.
They have an incentive to keep drawing treasury funds and provide less than optimal results.
A natural hard-line opposition must be formed to counter the FE heavy voting power.
Freedom to delegate/un-delegate to this dRep when the ADA price matches your treasury spending criteria is a self regulating voting with your wallet.
Qualifications
none
This DRep has not voted yet
Source: Koios (public)updated 19h agoProfile text is the DRep’s own unverified statement.