Members of the independent organization stationed in the field of definition (DAO) discusses potential jackets of money for building an ecosystem for the network, noting that there is no progress and transparency.
On March 24, Dao member Nathan Van der Hayden A presented an offer The invitation to recover unused funds for the GCP incentive program (GCP). The program, which was launched in 2024, aims to put the expression as a leading platform for the development of Onchains.
Van der Hayden said that GCP was approved when the expectations were “exceptionally optimistic.” He added that this “has proven not sustainable.”
“We must finish GCP activities, secure all possible funds in order to protect DAO funds and restore the investor confidence in this DAO’s ability to customize the capital,” wrote Van Der Heyden at the Governance Forum.
A community member also said that GCP was reluctant to document his activities and that the program did not fulfill his promises.
source: Nathan van der Hayden
The arbitrary proposal is divided
Another member Dao Loan The proposal, saying that society must secure the remainder of the money:
“DAO must intervene now and secure what is exist and then think about a good and meaningful way to go forward.”
While many others agreed to the occurrence of an immediate foil, some said it might be counterproductive. A DAO member said that although the motivation may be valid, they prefer a more constructive approach.
“The desire to protect Dao money and ensure that transparency is valid, but it seems that resort to Clawback cam books.
Dao Clawbacks suggested in stages instead of immediately recovering the program financing and suggested that the elastic reporting criteria to allow a more simplified approach to GCP.
The identification code has decreased by 81 % since the launch of GCP
GCP was presented on March 12, 2024, as a way to WEB3 Games nourish the growth of Within the arbitrary ecosystem.
I have allocated about 225 identification (ArbCodes of $ 468 million. Money went to invest in promising studios and games to develop the network and establish expression as the onchain commander.
However, the program It coincided with the opening of a $ 2.2 billion codeWhich has caused a decrease in the distinctive symbol price. By June 2024, the symbols for the program were At a value of about 215 million dollarsMore than 50 % lower than its original value.
At the time of this report, ARB codes are traded at $ 0.38, a decrease of 81 % from their price during the launch of GCP.
The introductory symbol has declined since the launch of GCP. Source: Coingecko
Another project has also started implementing a plan to move in the Habbiyah market. On March 14, zksync Sunset of liquidity rewards program ZKsyNC IGNITE, saying that the current market conditions have affected the decision to end the program.
Related to: Axie Infinity is the new Web3 game as NFT Outlook turns into positive
Web3 games is broader
DAO’s introductory proposal also comes amid a decrease in Web3 Games. Toshiyuki otsuka, founder of Gamefi Snpit, told Cointelegraph that factors such as market fluctuations and low quality projects slow down in Web3 games.
“Many investors take a more cautious approach, pending knowledge of projects that can appear long -term validity before the capital is committed,” said Otsuka.
Otsuka added that the speculative rush in the past few years has gave way to a more sustainable investment scene of Web3 games, where only promising players can secure financing.
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