# Votingautomaton.eth **URL:** \ **Category:** Vote Delegation\ **Created:** [June 2, 2021, 5:37pm UTC](https://gov.bancor.network/t/votingautomaton-eth/2308 "2021-06-02T17:37:16Z")\ **Posts on this page:** 1\ **Showing post:** 67
**Author:** ![mbr](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/mbr/32/3021_2.png) [@mbr](https://gov.bancor.network/u/mbr)\ **Post date:** [December 20, 2021, 3:28pm UTC](https://gov.bancor.network/t/votingautomaton-eth/2308/67 "2021-12-20T15:28:06Z")
[Proposal: Increase Trading Liquidity on PSP-BNT Pool to 200K BNT](https://gov.bancor.network/t/proposal-increase-trading-liquidity-on-psp-bnt-pool-to-200k-bnt/3254/2) > The Automaton will vote FOR increasing the trading liquidity on PSP. The token is still new, but has had time to settle since the airdrop. The increase is concomitant with a liquidity contribution from the PSP treasury; historically these collaborations have been very positive. [Proposal: Whitelist Sator (SAO) token](https://gov.bancor.network/t/proposal-whitelist-sator-sao-token/3246) > Since the first attempt, the $SAO token whitelisting proposal has been markedly improved. The initial confusion surrounding the token supply has been largely addressed; the token is native to Solana, and is bridged to Ethereum via the [Sator (Wormhole)](https://etherscan.io/address/0x3ef389f264e07fff3106a3926f2a166d1393086f). ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/c/cb0608b66242025fb3268088c830740ecab7474d.png) > The token supply on Ethereum is moderately concerning. The second highest wallet balance (2,150,000 SAO) is roughly 20% of all tokens on Ethereum. This address is the sole liquidity provider on [Uniswapv2](https://etherscan.io/address/0xa558c26e0fad1601a50bccc150aff3922f9c456b#tokentxns) for the $SAO token. ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/8/8d2e70c0c307c9ee82e50cbcb25f82557c0366bc.png) > This is not ideal; however, the total dollar value is relatively benign - about $82,000 on Uniswap (WETH + SAO), and another $222,000 remaining in the wallet in SAO + about $4,000 in ETH. Common sense suggests this could be a team wallet, charged with a little ETH to pay for gas, and some SAO to establish liquidity on Ethereum. While the liquidity is currently highly centralized, the total amount is not sufficient to raise alarm. > The top wallet on Solana commands [79% of the token supply](https://solscan.io/token/2HeykdKjzHKGm2LKHw8pDYwjKPiFEoXAz74dirhUgQvq#holders). This is very high, even for a team wallet. However, seeing as this is the mint address, it likely includes allocation for things like community incentives, staking incentives, and exchange liquidity. It’s not easy to find information on the subject, but an [ido document](https://medium.com/dexlab-official/sator-initial-dex-offering-e64bd8ebcdd7) is available that sheds some light on the planned distribution, although not much. The author included the following text in the proposal: > [@Proposal: Onboard Sator (SAO) token](https://gov.bancor.network/t/proposal-onboard-sator-sao-token/3246/1): > > _Tokens will also be distributed in a fair method, without the risk of whales dumping them on the new line of investors. Investors and team stay locked for 1 year before incremental monthly unlocks, making it impossible for investors and VCs to dump the token._ > > _The owners and the team will only receive less than 13% of the whole token distribution, and their tokens will be freed up in a fair and calculatable structure over 4 years time, with no option to sell in the first 11 months._ > The Sator project is high quality, with apps available via the Google Play store and the Apple app store. The ambition seems to be to commoditize audiences via SAO incentives and NFTs; in essence, becoming a pay-for-influence, or pay-for-views/clicks platform for content creators to bootstrap their media presence, and/or online following. It is an interesting use case, and whatever your personal feelings are about it, probably does serve a legitimate pain point. > In summary, the token ought to be whitelistable, but the centralized liquidity, and centralization of the token in general, is a big problem. The proposed trading liquidity is relatively low, and so long as it stays that way, is unlikely to be a threat to the Bancor system. Moreover, the proposal itself explicitly addresses the token supply and the ambitions to achieve distribution among users. > The automaton will vote FOR $SAO whitelist status after the [main SATOR Twitter account](https://twitter.com/SatorSAO?s=20) acknowledges the proposal, and recommends the pool not be allowed to grow any deeper until the token supply has established a healthy equilibrium between Solana and Ethereum, and has found its way into the hands of more users. --- _[View the full topic](https://gov.bancor.network/t/votingautomaton-eth/2308)._