[Structured Discussion] Distribute LBP unsold tokens to the people who contributed to the LBP in proportion to their contribution

support 100%

0. Distribute how many unsold tokens to the LBP contributors?

  • [ ] 5%
  • [ ] 15%
  • [ ] 30%
  • [✓ ] 50%

1. Should we distribute tokens to the LBP contributors who have already sold their tokens?

  • [ ] yes
  • [✓ ] no

2. How many tokens should we distribute to one LBP contributor?

  • [✓ ] Depends on how many RAD he/she exchanged
  • [ ] Depends on how many USDC he/she exchanged

3. Should we set a limit for distributing RAD to one LBP contributor?

  • [ ] yes → upper
  • [✓ ] no
2 Likes

0. Distribute how many unsold tokens to the LBP contributors?

  • [ ] 5%
  • [ ] 15%
  • [ ] 30%
  • [✓ ] 50%

1. Should we distribute tokens to the LBP contributors who have already sold their tokens?

  • [ ] yes
  • [✓ ] no

2. How many tokens should we distribute to one LBP contributor?

  • [✓ ] Depends on how many RAD he/she exchanged
  • [ ] Depends on how many USDC he/she exchanged

3. Should we set a limit for distributing RAD to one LBP contributor?

  • [ ] yes → upper
  • [✓ ] no
2 Likes

This is great, thanks @clearloop! My answers are:

0. Distribute how many unsold tokens to the LBP contributors?

  • [ ] 5%
  • [ ] 15%
  • [ ] 30%
  • [✓ ] 50%

1. Should we distribute tokens to the LBP contributors who have already sold their tokens?

  • [ ] yes
  • [✓ ] no

2. How many tokens should we distribute to one LBP contributor?

  • [ ] Depends on how many RAD he/she exchanged
  • [√ ] Depends on how many USDC he/she exchanged

3. Should we set a limit for distributing RAD to one LBP contributor?

  • [ √] yes → upper
  • [ ] no

0. Distribute how many unsold tokens to the LBP contributors?

  • [ ] 5%
  • [ ] 15%
  • [ ] 30%
  • [✓ ] 50%

1. Should we distribute tokens to the LBP contributors who have already sold their tokens?

  • [ ] yes
  • [✓] no

2. How many tokens should we distribute to one LBP contributor?

  • [ ] Depends on how many RAD he/she exchanged
  • [✓] Depends on how many USDC he/she exchanged

3. Should we set a limit for distributing RAD to one LBP contributor?

  • [✓] yes → upper
  • [ ] no

0. Distribute how many unsold tokens to the LBP contributors?

  • [ ] 5%
  • [ ] 15%
  • [ ] 30%
  • [✓ ] 50%

1. Should we distribute tokens to the LBP contributors who have already sold their tokens?

  • [ ] yes
  • [✓ ] no

2. How many tokens should we distribute to one LBP contributor?

  • [✓ ] Depends on how many RAD he/she exchanged
  • [✓ ] Depends on how many USDC he/she exchanged
    I’m fine with both. RAD would more make sense given the token sale was on LBP.

3. Should we set a limit for distributing RAD to one LBP contributor?

  • [ ] yes → upper
  • [✓ ] no

It’s my opinion!

0. Distribute how many unsold tokens to the LBP contributors?

  • [ ] 5%
  • [ ] 15%
  • [ ] 30%
  • [✓ ] 50%

1. Should we distribute tokens to the LBP contributors who have already sold their tokens?

  • [ ] yes
  • [✓ ] no

2. How many tokens should we distribute to one LBP contributor?

  • [ ] Depends on how many RAD he/she exchanged
  • [✓ ] Depends on how many USDC he/she exchanged

3. Should we set a limit for distributing RAD to one LBP contributor?

  • [ ] yes → upper
  • [✓ ] no

The proposal we’re going to submit contains too many variables and we can’t list all of them in the snapshot, the core problem is:

Distribute LBP unsold tokens to the people who contributed to the LBP in proportion to their contribution

If the result is NO, all of the variables are meaningless, if the result is YES, we have too many questions to discuss, and maybe it will take months even never.

Here we’re trying to figure out how to make our proposal reasonable that we can get YES, so we have to make most of the variables into constants that we can submit a real proposal, but not something for temporary emotions.

  1. The discussion here is terming to Distribute LBP unsold tokens to the people who contributed to the LBP in proportion to their contribution, and we should be mutual understanding for achieving this goal together.

As a result of the listed discussion currently now, the certain thing is all of us (at least those sharing opinions on this topic), agree with:

If distribute LBP unsold tokens, the tokens are going to the LBP contributors who hold their RADs from the LBP till now

Here is a constant in this discussion, and this should be listed in the proposal we are drafting.

  1. The certain thing is, as we submitting our proposal, one of the lines is, the unsold tokens are distributing to the LBP contributors who hold their RADs from the LBP till now

We are trying to require as many as possible tokens from the unsold, but if we really have the ability to win the vote?

The difficulty of winning the proposal is as much as how many tokens we are requiring.

The reality is, not all of the LBP contributors hold their tokens from the LBP till now, one of us sold our tokens, we get twice the pressure to win the proposal.

How many tokens (the percent of the unsold) should we require, as the amount for all of the LBP holders, this is what we have to figure out ourselves.

  1. The community is not only for the LBP contributors, we need to count how many tokens we are holding now, what’s the percent of them in the proposing tokens, then calculate an approximate amount for distributing from the unsold.

It would be nice if somebody can count it, if none, I’ll do it this weekend.


Some of the variables are hard to discuss ourselves, or not important enough comparing with winning the vote.

We can list them in the drafting proposal or requesting help from the radicle team

For distributing tokens to one LBP holder depends on their contributed USDC, or exchanged RAD, we can discuss a weight by counting both of them?

For example, considering distributing one LBP holder as the weight of USDC and RAD half to half.

We assume the LBP holding tokens are 100 RAD with contributed 1,500$, and we are distributing 100 RAD valued at 1,000$ currently now.

Alice has contributed 300$(30%) for 10 RAD(10%), she should get 20RAD((30% + 10%) / 2 = 20%), Bob has contributed 700$(70%) for 90 RAD(90%), and he should get 80RAD((70% + 90%) / 2 = 80%).

For the limit of distributing to one LBP holder, after thinking about it over again, I think if we can solve the total amount of distributing tokens and the weight of USDC and RAD mentioned above, this variable can be deleted, because distributing only by contributed USDC or exchanged RAD or distributing too many tokens will raise this problem.

  1. The problem in this section we can ask for opinions from the radicle team, and should we consider distributing RADs by the weight of contributed USDC and exchanged RAD? If so, what’s the weight?

One thing last, the lock time, I think this can be voted in the snapshot in our proposal as well, I’m gonna sleep now, Long Live Radicle :seedling:

2 Likes

@clearloop I think after a few more days of the discussion, we can probably take the majority for each variable. But for 0,1,3 it seems like community has agreement so far. For 2, I like your idea but if it includes USDC then some people may get confused and say no because I think some bought RAD with other crypto like ETH directly so a clear explanation for why their purchase also counts as well would be needed.
For

  1. The community is not only for the LBP contributors, we need to count how many tokens we are holding now, what’s the percent of them in the proposing tokens, then calculate an approximate amount for distributing from the unsold.

Could you please do the calculation part? (since you know exactly how it can be done :slight_smile: )
Let’s push things forward together!

3 Likes

Any update for voting?

1 Like

@all_in_radicle @dhejrdlf1 @clearloop Vote Soon?

1 Like

Sorry, I was busy the last few days, I’ll write the counting script tonight and share the code here for review.

4 Likes

Great, thanks a lot! Yes let’s put things together for 2 day formal review (and vote) hopefully early next week. Also please everyone don’t forget to vote for the proposal of “Exit LBP & add Uniswap liquidity This is necessary to get passed for our proposal.

1 Like

Just finished the script, here is the result:

LBP original holders (1702) LBP holders (1097)
1928370.6939732786 1079558.0705975965
  • LBP original holders: Addresses who bought RAD in the LBP and didn’t sell them in in LBP
  • LBP holders: Addresses who bought RAD and didn’t sell them till block 12039504

The script is at GitHub - radicle-unofficial/holders: Radicle LBP Holders, it might include addresses who didn’t buy RADs from the LBP but in the LBP time now, I’ll perfect it and think more about it tomorrow.

BTW, welcome to review and contribute to the calculating code~

3 Likes

@clearloop Thanks! I’ll take a look :slight_smile: Also @dhejrdlf1 , probably time to move forward to 2 day formal review with the majority of variables?

1 Like

thanks for hard work. glad to see good news for LBP remind Token distribution

A question。 I bought 3290 RAD in first two days. and haven’t sell them in LBP.
Then, I bought another 1700 RAD in LBP after two days. At then end, i sold the 1700 RAD in LBP. But i still hold 3300 RAD which more than 3290. IS that im LBP original holders/LBP holders?

1 Like

[quote=“zhi, post:36, topic:1944, full:true”]
A question。 I bought 3290 RAD in first two days. and haven’t sell them in LBP.
Then, I bought another 1700 RAD in LBP after two days. At then end, i sold the 1700 RAD in LBP. But i still hold 3300 RAD which more than 3290. IS that im LBP original holders/LBP holders?

Hello there, I am a true believer of decentralized financial, and I was a believer of Radicle will change the world, and now i still believe that. I have the same question as Zhi, I suggest the community will consider our need seriously, which consider us as LBP original holder and LBP holder.

I am not a developer, can somebody explain the logic of the code and let us discuss it openly.

I have been thinking for a past few days but to earn votes to pass the proposal, we should maybe include all current RAD holders who participated in LBP til today. If you limit for those who bought it during the first 2 days, it may never be passed (It is becoming it as a more likely outcome I feel as the community rapidly expands). We should think about how it’s good for the majority. If we really want to reward for those who bought in the first 2 days, maybe distribution % could be two steps like

  1. 1.5X for those who bought RAD for the first 2 days
  2. 1X for those who bought after after the 2 days til now
    (given the baseline that they still hold it)

We should never get greedy for our own benefit. The purpose of this proposal is to make a more decentralized community and it will be a good thing for the future of radicle.

2 Likes

Good idea! This will make the price huge Pump and more guys join the project.