Stepwatch First Governance Vote Announcement.

10 Feb 2023, 07:22

Stepwatch First Governance Vote Announcement After deciding to operate STEPWATCH's multi-chain this time, in order to reflect the opinions of users of additional chains through governance voting Get ready for the governance vote. Purpose Promote scalability of STEPWATCH by adding new chains other than POLYGON chain ($SWP SWAP Bridge method) - In the case of other chains, there are strong DEXs and liquidity is easy to provide - A new L1 chain is needed as a countermeasure against the possibility that the Polygon chain will be pushed out of the L2 market. Example) BSC chain: Pancake Swap, Alpaca, Biswap Example) Ethereum chain: Uniswap, Dydx, Balancer - NFTs can also be traded on other chains (Stepwatch NFTs can be traded in various marketplaces, and it is easy to attract new users) - In the case of POLYGON chain tokens such as STEPWATCH, there were restrictions on additional listing. Method 1. Vote with $pSWP among Binance Smart Chain / Solana / Ethereum / Aptos / klay 2. How to acquire governance voting rights - User holds $SWP in Funding Wallet until February 19, 9:00 PM (UTC +9) - Snapshot will be held at 9:00 PM on February 19th, and $pSWP to be used for governance will be given to Users. **SWP can be withdrawn immediately after Snapshot. - Vote with $pswp (February 20th 9pm to February 21st 9pm UTC+9) Schedule 1. Open the governance voting page (Seoul, Tokyo Time zone)February 19th, 2023 4 PM 2.Snapshots (Seoul, Tokyo Time zone) February 19th, 2023 9 PM 3. $pSWP Receive (Seoul, Tokyo Time zone) After 9:00 PM on February 19th, 2023 4. Voting Open (Seoul, Tokyo Time zone) February 20th, 2023 9pm 5. Voting Close (Seoul, Tokyo Time zone) February 21st, 2023 9pm Governance Voter Rewards - Airdrop of additional multi-chain $SWP tokens equal to 10% of the amount of $pSWP used for voting - To receive airdrop rewards, you must participate in Governance with $pSWP. Governance Logic $SWP in Funding wallet -> Snapshot -> Same amount of $pSWP -> Vote -> Receive 10 % of $pSWP used $SWP issued on the new chain will not increase current or future circulating supply or cause inflation. This is not a migration to a new chain, it means an expansion of Stepwatch Platform. We look forward to your involvement.