Proposal to Whitelist PathDAO (PATH) with 50,000 BNT trading liquidity limit
For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.
This proposal is expected to appear on Snapshot for voting on 2022-02-20T00:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
TL;DR
-
Proposal to whitelist PATH.
-
Trading Liquidity Limit of 50,000 BNT.
-
There are no security concerns that could prohibit whitelist status.
-
There is no reason to doubt the legitimacy of the PathDAO project. The project has accrued a $18,499,491 treasury with 5,146 Scholars (see dashboard).
-
The benefit to Bancor is clear. Providing PATH liquidity will attract token LPs from the PathDAO community to swap on Bancor, and increase protocol trade volume.
Token Address: 0x2a2550e0a75acec6d811ae3930732f7f3ad67588
Project Website: PathDAO
Liquidity
The Deepest PATH pools are:
The PATH/USDC 1% Uniswap v3 pool with $1.07m liquidity, and $12.02k daily volume [1].
The PATH/ETH 0.3% Uniswap v2 pool with $1,935,865 liquidity, and $23,130 daily volume [2].
A trading liquidity limit of 50,000 BNT opens up space for at least $282k total liquidity in the pool, with BNT at $2.80. If the pool space is filled, a proposal to increase the trading liquidity limit can be proposed.
Token Security
PATH does not have an elastic supply, or rebase mechanism. The PATH token has a current total supply of 1,000,000,000 PATH. Contracts are standard ERC-20 OpenZeppelin contracts. The contracts don’t have admin privileges that grant unrestricted burning of tokens.
The top 15 contract and addresses with the highest concentration of PATH are Unutilized Treasury asset multisig contracts, Uniswap v2 and v3 pool contracts, Timelock non-transferable pool contracts, Community Treasury multisig contract, PATH Rewards multisig contract, Advisor allocation multisig contract.
Figure 1 - Top 15 contract and address with the highest concentration of PATH [3]
Project and tokenomics
PathDAO was birthed with a vision to create two interlacing paths. The first path is for the masses — retail investors seeking to navigate the blockchain gaming and NFT-scape through robust asset management. The second path is for the players — gamers who want to form a second family in the Metaverse via web3 games.
PathDAO is the intersection of these two Paths, creating value for both investors and gamers.
PathDAO focuses on:
-
Building a web3 gamer community
-
Investing in blockchain-based game assets
-
Bringing fintech / DeFi products to the unbanked scholars in developing world
-
Developing products (e.g., Social gaming platform) that bring millions of gamers to web3
By executing the aforementioned three key activities, PathDAO is expected to create value for treasury and PathDAO token holders via
-
Blockchain-based game asset investment
-
Play-to-earn asset rental (i.e. scholarship revenue sharing)
-
Active game involvement (e.g., Axie breeding, land assets crafting)
-
Revenue from fintech / DeFi products
-
Incubation of new products / technology
Read roadmap of PathDAO here.
Community and Communication
PathDAO is active on Telegram and Discord. The PathDAO team also operates official Twitter, and Medium accounts.
Available Audits
There are no available audits.
Market and Trading Data
-
PATH’s price at the time of writing is $0.04204.
-
All-time high: $0.457655 (8th Dec 2021).
-
All-time low: $0.03994074 (28th Jan 2022).
-
Price 90 days ago: $0.389489
-
102,032,226 PATH in circulation (self-reported), with a max and total supply of 1,000,000,000 PATH.
-
The current market capitalization is $4,289,032 (self-reported).
-
The PATH token is available on Uniswap v2 and Uniswap v3.
[1] Uniswap Info
[2] Uniswap Info