# Votingautomaton.eth

**URL:** <https://gov.bancor.network/t/votingautomaton-eth/2308>\
**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:** 77

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**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:** [January 3, 2022, 7:08pm UTC](https://gov.bancor.network/t/votingautomaton-eth/2308/77 "2022-01-03T19:08:52Z")

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[Proposal: Onboard Vitadao (VITA) with 100,000 BNT Trading Liquidity](https://gov.bancor.network/t/proposal-onboard-vitadao-vita-with-100-000-bnt-trading-liquidity/3280/4)

> As a follow-up to the [transaction](https://etherscan.io/tx/0xcb5defc43e717fbbb1239fbb6f5927644f33d21cc515feffcc8b169f574277c9) highlighted on the previous post, the participant looks to have paid 1347 ETH for a minimum of 1,531,702 VitaDAO tokens, and received 3,367,500 at the auction conclusion. There was no price for the VitaDAO token prior to this auction, and the valuation dropped 60% shortly after establishing an initial price. This looks like a typical presale. Thanks to @DarkKnight for illuminating these details.

> The team has confirmed that the wallet belongs to a highly motivated supporter of the project. It’s not a big issue - the token has established liquidity on Balancer, both as a [50/50 pool](https://app.balancer.fi/#/pool/0xbaeec99c90e3420ec6c1e7a769d2a856d2898e4d00020000000000000000008a) and an [80/20 pool](https://app.balancer.fi/#/pool/0x350196326aeaa9b98f1903fb5e8fc2686f85318c000200000000000000000084), and also on [Uniswap V3](https://info.uniswap.org/#/pools/0xcbcc3cbad991ec59204be2963b4a87951e4d292b). Even if this user had nefarious intent, the damage they could inflict is massively tempered against the available liquidity. The 80/20 pool on Balancer has $1.7M in liquidity, but due to the skew in the curve, can absorb a disproportionate quantity of selling pressure on the VitaDAO side. Price manipulation tactics are still a risk with such a whale present, but their on-chain activity does not reflect any such desire. If anything, they are guilty only over being highly enthusiastic. Fingers crossed they are interested in providing liquidity on Bancor.

> The Automaton will vote FOR the whitelisting of VitaDAO.

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_[View the full topic](https://gov.bancor.network/t/votingautomaton-eth/2308)._
