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Genesis Proposal (GRN community)

(update 2021-07-15)

Telegram Michael Mathias 2021-06-30 Wednesday (Google form)

CCH: comments CryptoChemist.net

Community approval is sought for the following six measures, known collectively as the Genesis Proposal:

  1. Formation of GRN Association
  2. Formation of PowerDAO Association
  3. Positioning of GreenPower (GRN)
  4. Positioning of GovernancePower (GOV)
  5. Distribution of Swap Tolls to the PowerDAO
  6. Establishment of MVault under PowerDAO

CCH: I am definitely IN FAVOR!. See comments below.

Formation of GRN Association

  • The purpose of the GRN Association is to fortify the global expansion and widespread adoption of the GRN decentralized marketplace protocol and its applications, and to represent the collective interests of every holder of GreenPower (GRN) tokens.
  • Each member of the GRN Association must hold at least 1 GRN.
  • Initial board will be comprised of members of the Admin Team for the Green Community Telegram channel.
  • The association will be set up in Switzerland and will conduct its affairs in accordance with the Articles of Association (see link below to download).

CCH: YES! an association is a political force that, even with the present collapse of any rule of law, can represent and seek the rights of members of the association’s community. The very form of an association is a subject of law. If it is well managed and has enough active members, it is an underestimated POWER!

CCH: Switzerland is at the moment the only location known to me that provides the basis for effective management of the association and the achievement of its goals.

Formation of PowerDAO Association

  • The purpose of the PowerDAO Association is to represent the collective interests of every holder of GovernancePower (GOV) tokens, as well as to define and direct the operation of the PowerDAO, including the development and maintenance of the Powerchain 2.0 blockchain system and its associated supporting elements.
  • Each member of the PowerDAO Association must hold at least 100 GOV
  • Initial board will be comprised of members of the Admin Team for the Green Community Telegram channel.
  • The association will be set up in Switzerland and will conduct its affairs in accordance with the Articles of Association (see link below to download).

CCH: I still have too little information about “our” blockchain Powerchain 2.0 and I still do not understand why “our” cryptocurrency was removed from it …

Positioning of GreenPower (GRN) – protocol token

  • GRN is a utility token that modulates value within a decentralized marketplace protocol
  • GRN is held by members of a decentralized marketplace network
  • The greater the amount of GRN held, the greater the benefits the holder is eligible to receive within the marketplace network

CCH: Decentralization definitely yes! If this aspect is realized and maintained, then I am/we are at home.

Positioning of GovernancePower (GOV) – governance token

  • GOV is a utility token that facilitates governance of the PowerDAO
  • Units of GOV are received for staking units of GRN, and are held by those who are interested in influencing the operations of the PowerDAO
  • The greater the amount of GOV held (within six different thresholds), the greater the influence on the decisions and policies of the PowerDAO

CCH: For now, the Receive and Send GOV options are disabled in MVault. At the moment, everyone’s earnings are increasing. Token so far only for PowerDAO management (voting) and as I understand it should be so.

Distribution of Swap Tolls to the PowerDAO Association

  • All tolls collected during the swap process will be transferred to the treasury of the PowerDAO Association once the organization has been formed and appropriate accounts have been set up.
  • There are accounts holding old GRN within our community that did not request a swap in time to participate in the Final Swap Period. Initially, the new tokens held for accounts that did not meet the swap deadline were set to be burned – however, this position changed after community discussion.
  • Swap requests after the deadline will remain possible (provided the necessary protocol is followed) but a 10% toll will be incurred, which will be transferred to the treasury of the PowerDAO Association.

CCH: It is a very good move for those who “did not make SWAP” of the old GRN, now have such an opportunity. Of course with the proposed fee. Personally, I have bad associations with “burning” and it is not a method of increasing value.

Establishment of MVault under PowerDAO

  • MVault is a secure and private wallet system designed to optimize rewards collected from the marketplace.
  • MVault is community owned and operated through the PowerDAO
  • MVault is intended to play a prominent role in the Powerchain 2.0 ecosystem.

CCH: For now, that’s the only thing you can see and access. An interesting way to log in without a password … i.e. an account secured only with your e-mail account …

Please review the Articles of Association:

https://drive.google.com/drive/folders/1nsCVNOAqxo-mPSjVTltNwP6MbAcu7Fxp?usp=sharing

Voting Requirements

To be eligible to vote, you must hold at least one unit of GRN. You must provide your first name and last name along with the email address associated with your GRN holding (either from the GRN swap system or from the MVault system).

Michael Mathias

CCH: I have already voted.

Genesis Proposal (GRN community)

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