Making dogwifdots (WIFD) a sufficient asset on Hydration

General Admin
12d ago
12 Comments
Rejected
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Status
Decision7d
Confirmation3hrs
Attempts
0
Tally
30.3%Aye
50.0%Threshold
69.7%Nay
Aye
602.21MHDX
Nay
1.38BHDX
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support5.32%
227MHDX
Issuance
4.27BHDX
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Timeline4
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I actually woke up this morning thinking what we really needed to level up was a dog based shitcoin. The chatgpt landing page and retained admin rights only sweetened the deal.

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In my dream, all tokens are traded on Hydration. H2O serves as the index for the entire cryptocurrency. The rise and fall of some currencies do not affect our HDX value capture.

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Up 1

If this is the team behind Hawk Tuah coin you can use your money to buy enough HDX to vote yourselves in. Otherwise your token doesn't add value to HDX.

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I believe that registering a sufficient asset should require demonstrated traction and ecosystem engagement. Without proper engagement or requirements, we could create a precedent where registration is possible to anyone that just asks. This asset is not ready yet.

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Up 1

I will not endorse any meme coin because I believe they exploit the uninformed.

That said, I like the governance participation, and I don't see any major exploit or concern with making this coin sufficient at this level of existential deposit. If they start flooding our storage with many accounts that should be removed because they only contain 1 WIFD and are inactive, I'll propose that we change the status again.

Then we get another referendum and more action points.

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I've done what's possible on my end for this ridiculous dog coin to stay out of Hydration.
Let's keep building this protocol in a useful, nice and serious way.

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Up 1

Not all the coins can be eligible to join the Omni pool, for that any risk or rubbish coins would be risky to the whole pool, so pls don’t launch such useless coins any more.

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Lets not risk the omnipool with memecoin for now. The concept of omnipool still in early stage. My opinion is the memecoin should be avoided in omnipool for at least 2 bear cycle to understand the behavior of it before we fully capable to make any wise prediction of the potential risk of memecoin in omnipool. Lesson learn from Terra Luna .

Edited

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