Re: The Movement DAO | Fully Decentralized Organization | Borderless Collaboration
can someone explain me, why i should swap my xxxk+ mvt to mdt??? will this swap option be available as long as mdt is on the stage???
for example, i dont want to participate in mdt, but the price of mvt should be 1to1 linked to mdt, so i dont loose my capital invested / anything in the long run.
for example, i dont want to participate in mdt, but the price of mvt should be 1to1 linked to mdt, so i dont loose my capital invested / anything in the long run.
Hey Seele!
Great Question!
Swapping MVT for MDT
- Participation in swap completely voluntary.
- Both tokens have value and function within the Movement DAO.
- When you hold MDT, you are a Voting Member of the DAO.
- MVT will continue to have a value assigned to it and that value will help grow the Movement.
There will always be 3,000,000 MVT, the amount of MDT is controlled by the DAO.
The MVT exchanged for MDT is now controlled by the DAO. MDT holders control the DAO. Votes are created and executed by MDT holders.
At the time of this post, 381,939.30318979 MVT have been swapped and .2 ETH donated, giving the DAO access to funds for further development, growth, staking, etc.
Members are encouraged to bring Votes to the DAO and for these funds to be used.
Community discussion is encouraged in all Movement communication channels.
Multiple liquidity pools have been set up for both MVT and MDT to participate in.
While at the moment we are accepting 1:1 swaps, I would assume the community will vote to change that down the road.