I like the idea in principle, but $200k of PGOV for a 5 day old token with 32 million in current supply - is about 5 million PGOV at current prices.
That is to say - if this is approved it would be contributing 15% of the current supply, which is 2% of the entire max supply of 250m, for just this one purpose.
I like the idea in principle, but 5 million PGOV is just way, way too much. It’s $200k from a project with a current $1.4m market cap (yes, it will go up, and today is carnage in the markets anyway, but still).
Also, PGOV is pure farming/fair launch token. There is no token treasury (like with vBZRX on Ethereum) - where will the PGOV for this come from?
The only way this can work is if:
-The code for the current farming project is fundamentally changed to reallocate some of the farming rewards to a token treasury (so all farmers will get less)
-and then 5 million PGOV is allocated from there to DinoSwap.
The level of work involved and the amount of money involved in proportion to the PGOV market value suggests this isn’t worth it to me.
It’s a shame because I like the idea and the concept and being involved with DinoSwap. Perhaps if we can figure out a mechanism to make it work and donate a significantly smaller amount.