Altcoin Arbitrum The foundation announced late Sunday that it will put the controversial management package to a series of separate votes, saying, ARB token He announced that he would listen to the community requests after the owners rebelled.
Altcoin Arbitrum Foundation Pledges No ARB Sale “In The Near Term” Amid Community Revolt
Taking a step back will allow Arbitrum to hold an independent vote for the 750 million token allocation.
“AIP-1 is huge and covers so many topics. We will follow the advice of the DAO and dismantle the AIP,” he said.
The move comes after a day of anger in the Arbitrum community as the Foundation, a centralized company tasked with supporting Arbitrum’s alleged decentralized ecosystem, held an “approval” vote on decisions it has already implemented, including sending it around $1 billion in tokens. .
As this vote headed towards a crushing failure at Snapshot, Arbitrum acknowledged it “probably won’t pass” and promised to do replays on each section of the bag bill “earlier this week”.
The Arbitrum Foundation’s “special grant” program, which is at the center of the discussions, will be renamed the “Ecosystem Development Fund”. Arbitrum promised to provide a “transparency report” on the Foundation’s budget, as well as “providing context on how the funds will be used.”
“The purpose of establishing Arbitrum DAO was to set an example to create the most decentralized aggregation, and despite this communication failure, we will continue to pursue this goal aggressively,” the article said.
*Not investment advice.
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