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The first community vote has determined how to allocate the MILK2 distribution. The changes will be implemented on block #11030100

The SpaceSwap community has spoken through its voting power with regard to the system for the 1% MILK2 distribution among SHAKE holders. 
It’s a huge step for the SpaceSwap team and is actual proof of the ecosystem’s capacity.
Thus, the first MILK2 distribution among SHAKE holders will be executed in accordance with the system that was voted in.

What was wrong with the previous voting system?


The initial SpaceSwap rules stated that holders should hold their SHAKE tokens for 100,000 blocks in order to be rewarded. However, this turned out to be impossible during the first 100,000 blocks of SpaceSwap’s v2 existence.
That’s why the SpaceSwap team decided to initiate the first community vote, so as to determine in what way the first MILK2 distribution should be altered.

So for the first 100,000 blocks of MILK2 distribution, the following rules were suggested. The team makes a snapshot of block #10990100. Addresses with a SHAKE balance >=0.5 are the ones that are taking part in the distribution.

There will be multi-players:

  • If an address holds SHAKE tokens for 40,000 - 60,000 blocks in a streak, its multi-player is x1.
  • If an address holds SHAKE tokens for 60,000+ blocks in a streak, its multi-player is x4.
  • If an address uses BLENDER to make SHAKE and holds it for 40,000 - 60,000 blocks in a streak, its multi-player is x6.
  • If an address uses BLENDER to make SHAKE and holds it for 60,000+ blocks in a streak, its multi-player is x6.

The voting results


Voting took place via the following link:

https://snapshot.page/#/spaceswap/proposal/QmRmgeCh4MV4xCD3BCkL8n9PUhBNhWgmBGDPA6fM1zKxG6

Start date: Oct 1, 2020, 10:00 PM
End date: Oct 4, 2020, 4:00 AM

Results of the first vote:


Agree 15.39k MILK2  99.38%
Disagree 95.31 MILK2  0.62%

All in all, there were 11 votes, 10 of which were for the changes to be implemented.

When will the changes be implemented?

The new rules are about to be implemented on block #11030100 (https://etherscan.io/block/countdown/11030100).

While the orbit of benefits is expanding, the SpaceSwap project is already preparing new votes and their corresponding changes within the ecosystem.
Stay tuned to learn more!

Open the MILK2-ETH pool on Uniswap and click on the ‘Trade’ button to buy MILK2 instantly. 
For more information, check out GitHub or contact the SpaceSwap team:

https://spaceswap.app/ 
Telegram: t.me/SpaceSwap   
Twitter: https://twitter.com/spaceswapdefi  
Blog: https://blog.spaceswap.app/ 
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