CIP-1 The second proposal of the Cratos DAO is available now.

2 min readNov 9, 2022

CIP-1 Regarding the current reward standard, Should we extend the end date to Jan 31st, 2023?

I would like to appreciate your support and participation for DAO.

By the approval of the previous proposal, CIP-0, the eligibility about who can make a proposal on Cratos DAO is now given to the holders with more than 100 million CRTS.

BACKGROUND

On the Cratos mobile app, the reward is given to users as many as below:

Reward Standard

- Current period : Aug 1st 2022 to Dec 31st 2022

- Amount:

Registration 500 CRTS (one time only)

Vote participation 2 CRTS (Daily limit 140 CRTS)

Vote generation 25 CRTS (Daily limit 25 CRTS)

Comment 5 CRTS (Daily limit 10 CRTS)

In addition, there is a halving period every 6-month that the reward gets halved in order to take control of token supply into the market. Therefore, there would be a new standard applied from Jan 1st 2023. However, the reward is one of the most effective ways to attract new users, and it seems that most users still want the current reward standard working for a longer period of time than it is now.

PROPOSAL

Here is the proposal,

“Should we extend the current reward standard end date described above to Jan 31st, 2023?”

If you want to vote for the proposal, here is the link.

If you agree, select ‘For’.

If you don’t agree, select ‘Against’.

If you decline to vote, select ‘Abstain’.

Thank you so much for your participation and support.

CIP-1 The second proposal of the Cratos DAO is available now.

Written by Cratostoken