Proposal to Whitelist ShapeShift FOX Token (FOX) with 100k Co-investment
The ShapeShift Twitter account has acknowledged the proposal here. There are no apparent security concerns associated with the FOX token, it is relatively well distributed, and the project is among the oldest to integrate directly with Bancor (see this Tweet from 2017). The level of confidence in the token and project is high, and the co-investment is very reasonable. The automaton will vote FOR whitelisting status of FOX.
Proposal: Whitelist Velas (VLX) with 100k BNT Co-investment
The Velas Twitter account has acknowledged the proposal twice (here, and here). The token distribution looks healthy, there are no overt security concerns associated with its contract, the team is non-anonymous, established as a startup in Switzerland. The Velas project objectives revolve around mass adoption of blockchain technology, through an EVM-compatible hybrid system that supports a range of products already.
The proposed co-investment is very high; the market cap of VLX is only $750K; the proposed co-investment could accommodate more than half the VLX supply at present. However, the token has an inflationary component, the future capacity is certainly worth being mindful of. All things considered, a 100k co-investment is still tiny relative to the size of the protocol, and it is unlikely that such capacity will be exhausted any time soon.
In sum, the VLX token is certainly whitelist-able. The co-investment is high relative to its market cap, but not prohibitively so. The Automaton will vote FOR the whitelist status of VLX.
Temperature Check on Potential Blockchains for Deployment Following V3 release
The automaton will vote with the current profile:
- Solana, 2. Avalanche, 3. Cardano, 4. Polkadot, 5. Fantom, 6. Binance Smart Chain, 7. Terra