This proposal would allocate 75 HNY to the r/xdai treasury wallet for immediate staking into the Honeyswap RxDAI/HNY LP crypto pair.
Reddit is the definitive home for long-form crypto discussion. Community tokens, coupled with a DAO governance architecture, represent a well-regarded and growing movement among blockchain enthusiasts. There is no more robust community epicenter than Reddit so it’s only befitting that xDAI, and 1Hive as its most well-known blockchain innovation studio DAO, take a stake in this growth, both to foster xDAI-related innovation, building to the project’s visibility and goodwill, but also to keep the thirst for HNY robust.
With a HNY base crypto pair, those who wish to stake their r/xDAI airdrop tokens, RxDAI, will necessitate buying a complementary amount of HNY, further increasing demand for the token. An appreciated HNY affords further resources for HNY leadership to more aggressively scale compelling projects like Celeste, Gardens, and other exciting swams.
Existing HNY holders should consider this proposal because innovation and aggressive use cases represent the lifeblood of crypto projects. The trend in the last few years has seen the commodification of blockchain tech, e.g. Uniswap V2, and the community, e.g. Sushi, Pancake, etc, becomes often as valuable as the underlying tech. The birth and scaling of the airdrop is a recognition of the value of the community and to reward early adopters and influencers who trumpet the utility of a project they themselves use, not to shill but to inform. This further incentivized, through airdrops, provides a positive feedback loop where these early adopters are even further ingratiated to a project that recognizes their contributions. They are then further encouraged to trumpet a project’s success and, now as a stakeholder, see to its swift scaling.
/u/ScarlettBurgan - Mod of r/xDAI, r/Fund, others. Solidity Dev.
/u/BrooksKoepka/ - Mod of r/ETH, r/PGA, other scaling subreddits. CS Professor. @rekt on Twitter.
/u/Mojmir_R - Mod of x/DAI, Operator of the official xDAI Discord
Expected duration or delivery date (if applicable):
Immediate deployment once allocated into the Honeyswap RxDAI/HNY LP crypto pair.
Skills and previous experience in related or similar work:
Years of collective Solidity, coding experience on L2 EVM platforms and Solidity-based crypto projects.
More detailed description of how funds will be handled and used:
HNY will be matched with RxDAI, sourced from the dev team, and added to the RxDAI/HNY LP. All RxDAI has been airdropped as part of a fair launch based on subreddit activity.
Key Resource Links: