GM sers - we’re proposing to enable the newly designed ve tokenomics for the Boba token. This has been a long time coming with the support of Information Token DAO & Redacted Cartel.
If I understand correctly, the proposal is to cancel this 5% staking paid in boba (valued at 0.36$ at this moment) for a new NFT (govBoba), without value and in addition we have to lock our tokens for a year?
You state some reasons for changing tokenomics…all of which I agree with, but the solution you propose does not change anything!
Please, expose in a clear way what is the rodmap, with its precise updates and give the community information about what you expect from the future, you are the vanguard of the web3, of the future of blockchain, respect your holders who are the ones who have funded this project and reward those who after so many years we continue to support you.
We need more communication from the team!
I can understand that right now the blockchain is not economically viable (no revenue from tx´s) but this alternative it makes no sense from an economic viewpoint, for holders.
What we need is more dapps deployed, more Tx´s at blockchain, more push on marketing, more developers onboarding, any mention from Vitalik or other big players about Boba…
What is the % share of the revenue that will be paid out? This should not be hard to give a concrete number… and should not be something like, “Oh we will vote on that later…”
So, staking, it seems is dead because nothing is at stake, for stakers? Tell that to those of us that had our stacks diluted by 4.25x, roughly, when Boba asked for more tokens and then watched the token price dump well below OMG rates. Not to mention the insufferable WAGAMI phase… that was deployed without a vote…
Are we at least going to see some of the slim revenue from the network fees in USD right off or are we going to have to wait until the team decides there is enough revenue to share with us?
How are you going to make Boba deflationary, are you burning tokens or what? You simply say deflationary through increased block space and that tells us exactly nothing.
What is the real point of buying back Boba and locking it up to “retain voting power…” why not burn. Again, Boba’s team, in general, seems to consistently want more control of the token.
Why aren’t you proposing burning a % of network fees along with paying out fees in USD or ETH instead of simply saying a bunch of stuff that is about incoherent, even to someone that has been around this space a while. Frankly, you do not really need ve to vote on the stuff you are proposing… you are just adding a level of complication and hoping it pumps the price it seems…
one way imo to generate revenue is incentivize more people to bridge over, take an example of arbitrum bridge week, the volume was mad. I did mention utilizing nfts as a reward for bridging a part of marketing in my proposal. One key problem with bridging funds over to boba is that, there’s not much things to do and if there’s decent activities on their nft marketplace, people would have a reason to keep their funds there. Just look at other L2 on nfttofu vs boba’s you can see a huge discrepancy between them. Just my take.