Curate Governance is about giving power and diffraction to our community. Our Community Governance Reserve holds 10,000,000 XCUR tokens which will be used to fund successful proposals.
*Please note, a maximum of 3 proposals will be selected by the Curate team for the upcoming quarter.
Each proposal will contain 2 or more options for the community to vote on.
Options could include:
- Abstain, or
- A more specific option to vote on such as ‘Marketing Campaign’ or ‘Exchange Listing’
Please note: If a user chooses to Abstain vote, this will signify a protest of the proposal. If Abstain receives 60% of the votes, Curate will retract the proposal and discuss it with the community through live communication channels such as Twitter Spaces or Telegram AMAs.
Governance Timeline And Workflow
Each proposal will contain:
- Links (optional)
- XCUR Quantity
- Option descriptions
- Funding Source Information
- Funding Administration Information
- Funds Usage Information
- Reporting Information and Data
Proposal ID: 001
Start Date: 25th January 2023
Title: Increase DEX Liquidity
Description: Provide liquidity to the chosen DEX. This will involve an equal amount of XCUR/USDT from the allocation.
Amount: 500,000 XCUR
|Option 1: Uniswap V3
|Option 2: Pancakeswap
|Option 3: Apeswap
The ERC20 token allocation will be used to increase the liquidity on Uniswap V3. This will be approximately 250,000 XCUR and 250,000 XCUR worth of USDT.
The BEP20 token allocation will be used to increase the liquidity on Pancakeswap. This will be approximately 250,000 XCUR and 250,000 XCUR worth of USDT.
The BEP20 token allocation will be used to increase the liquidity on Apeswap. This will be approximately 250,000 XCUR and 250,000 XCUR worth of USDT.
Proposal ID: 002
Start Date: TBA
Title: Project Funding
Description: There are three options that you can vote on for Curate to implement. These involve assigning funds towards – 1) Development for the Varasity ($VRA) integration, 2) A new marketing campaign or 3) A new exchange listing.
Amount: 100,000 XCUR
|Option 1: Development for the Varasity technology integration with Curate
|Option 2: New Marketing Campaign
|Option 3: New Exchange Listing
The funds will help cover some of the final development costs done by Curate dev team. Curate will then see VRA’s Proof of View (PoV) technology working on Curate NFT Marketplace.
The funds will be allocated to developing a new marketing campaign surrounding Curate’s NFT Marketplace, Governance, Upcoming Game, and the exciting General Marketplace 2.0.
Attaining top-tier exchange listings can be expensive. The funds will be allocated into a separate public wallet specifically reserved for new exchange listings in the future.
Proposal ID: 003
Start Date: TBA
Title: General Marketplace Development
Description: The allocation of funds will employ an increased allocation of dev time to prioritise the ‘Phase 1’ development of our new and improved General Marketplace. This will involve the key integration of our merchandise supplier onto our platform that will allow the buying, selling, and shipping of physical goods using XCUR.
Amount: 200,000 XCUR
|Option 1: Yes
|Option 2: No
|Option 3: Abstain
The funds will go towards increasing dev time to fast-track the ‘Phase 1’ development of our General Marketplace. Once complete, users will be able to buy, sell and ship physical goods from Curate using XCUR. This foundation will then usher in Phase 2 of our General Marketplace; more information to come.
If chosen, the funds will remain locked in the Community Governance Reserve and be utilised for a future proposal.
Abstain from voting.
Governance V2 Development
- Why was my proposal rejected?
A few key reasons for why a proposal would be rejected could be that Curate has hit the maximum number of proposals per quarter (Max 3), the proposal is no longer relevant or the total amount of XCUR exceeds the quarterly maximum.
- How long will it take for my proposal to go live?
This depends on the complexity of the proposal. If the proposal is a simple fact of moving funds, the review process will be short; however, if the proposal is more complex such as a marketing campaign, it can take up to 30 days to progress through the review process before going live.
- What are some examples of inappropriate proposals that the Team will automatically reject and will not bring to a vote? Will these types of team-rejected proposals be shared with the community?
Yes, all proposals will be shared with the community. Proposals will display a ‘Rejected’ status and be given a reason in the ‘Reporting’ section. An example of a proposal that will be rejected could but is not limited to:
- Assigning a large amount of XCUR without giving an adequate description, information, or voting options.
- A proposal lacking information or does not make sense
- Providing too few options.
- Does not conform with our Terms & Conditions
- I submitted my proposal but I changed my mind or I want to make an edit; is that possible; if so, how much time do I have?
Yes, it is possible to make amendments and edits to a new or pending proposal. Please contact firstname.lastname@example.org with your account email address so our team can verify you are the proposal author. Likewise, if the Curate team needs to add and edit information, we will contact you to collaborate. You can request changes at any point before the start date of the proposal.
- Will my proposal submission be anonymous?
The only thing that will display for the community to view is your Curate username. No sensitive information about you will be tied to the proposal.
- Can I deposit more XCUR during the proposal is live?
Yes, you can deposit more XCUR into your in-app wallet but any XCUR deposited after the snapshot (start date & time of a proposal), cannot be used for the 15 days runtime. To vote with your increased XCUR balance, you will need to wait for the next proposal to commence.
- Can I withdraw my XCUR during or after voting?
Yes, our voting mechanism currently requires no lock on funds even if you have voted and the proposal is still running; your votes will still be counted.
- If my proposal is rejected, will I get my XCUR refunded?
If your proposal is rejected, your XCUR will go into the community governance reserve. Your XCUR will ONLY be refunded if your proposal is accepted.
- Why does the proposal cost XCUR in order to submit?
We want all proposals to be well thought through and attaching a cost aspect will hopefully limit the number of times a user can propose. Ideally, we would like a healthy number of proposals to review each quarter.