Fairdrop Proposal for $DED Tokens (held by the Polkadot treasury) to Active Community Members on OpenGov
Dear Polkadot Community, I would like to submit a proposal to distribute $DED tokens held in the treasury equally to all ACTIVE members of the community. The idea is to distribute DED tokens held by the treasury exclusively to ACTIVE members who will participate in the vote on this specific proposal, whether they vote for or against it. All ACTIVE and voting members will have equal access to the distribution. The main objective of distributing tokens to all voters is to assess community involvement accurately and fairly in our governance. In addition, this initiative seeks to explore the potential of subsidized voting by using an inactive and fairly useless token as a test bed. Since I am not a technical expert, I will need assistance in managing the token distribution process. Any support in this regard would be greatly appreciated. This proposal aims to improve community participation, promote inclusiveness and uphold the values of transparency and fairness within the Polkadot ecosystem. We currently have 50,000,000,000 $DED held by the Polkadot treasury, tokens that will probably either never be used or will be used for other less interesting purposes. Any costs and distribution fees will be requested from the treasury through a special proposal. What are your thoughts on this? If you have any further ideas or additions please comment below
Comments (1)
I built this query to airdrop a JAM DUNA token to ACTIVE OpenGov voters. This was done in expectation that Kreivo would have a UI to use this summer (nope... not yet), and everyone could have a useful Wyoming-based JAM DUNA and get a different legal jurisdiction than the "Polkadot Foundation" [run by figureheads rather than with OpenGov on-chain, even in 2024...]. The Virto team is totally into Kusama though, largely for affordability reasons, so I'm thinking "revive-pallet" is a better way to go for Polkadot.
Anyway, you can fork it and design your own "rewards" for having voted on some proposal on some track -- I made it a function of track, put a ceiling of 100K a floor of 100. In the end there are only a few thousand voters, not 1.4MM. And since they all have ED, the costs are quite small (or rather, the "DED Foundation" paid for it). But then the DED Foundation was created by OpenGov, making it hard to reason about. The original ideas of getting enough interest to have CEX integrations with PAH have been abandoned.
As everyone should know, the 50B DED is meaningful when (a) the Owner/Admin/Issuer/Freezer is the Treasury and (b) the other 900B DED is also added to the Treasury and/or burnt. I think it would be cool to have a revive-pallet based way of programmatically granting tokens to all the voters with an identity on the People chain. But then 314 people will immediately bring up Sybil resistance, etc. as an issue for any long-running scheme. It doesn't seem that a one-time snapshot approach would be "fair" at all, since it rewards the early and the late not at all, right?
To fix (a)+(b), I believe a XCM talented engineer (@spazcoin?) will be able to use chopsticks to do "asset.transferOwnership(30, treasury)" + "asset.forceAssetStatus(30, treasury, treasury, treasury, treasury, 1, true, false)" and "fix it" -- it would have more drama than Chainalysis but all in good fun and if you don't hate memecoins too much, maybe for the good of Polkadot.