Snapshot for the following “fast-track repayment” distributions: Claim-2.4-FT, Claim-2.5-FT and Claim-2.6-FT
The proposal for pBTC-on-BSC-v1 holders has passed (reference: Snapshot ). Therefore, this implementation is to change the PNT downtrend protection mechanism so as to enable for an optional “fast-track repayment” to be added.
What is the “fast-track repayment” option: The “fast-track repayment” option enables the monthly repayments to continue even when the average price of PNT is below the floor price of $ 0.80. In these cases, the PNT price considered for the monthly repayments is fixed to $ 0.80. pBTC-on-BSC-v1 holders have the option to choose whether to join the “fast-track repayment” (accepting the $ 0.80/PNT price assumption) or to continue with the standard repayment.
See details of the “fast-track repayment” option: Should the PNT downtrend protection mechanism stop affecting those who agree to receive PNT valued at 0.80 USD (fast-track)?
What are Claim-2.4-FT, Claim-2.5-FT and Claim-2.6-FT: The first “fast-track repayment” distribution related to Claim 2.4 (Step 2, Claim 4), Claim 2.5 and Claim 2.6
What is the Snapshot for Claim-2.4-FT, Claim-2.5-FT and Claim-2.6-FT: A snapshot of the addresses holding pBTC-on-BSC-v1 will be taken before each Step 2 distribution.
Who is eligible for Claims 2.4-FT, 2.5-FT and 2.6-FT: pBTC-on-BSC-v1 holders that are part of this Snapshot and that have enrolled. Each address is eligible with an amount proportional to the address’s pBTC-on-BSC-v1 holdings at the time of this Snapshot.
IMPORTANT: If any PNT remains unclaimed after 1 month, the undistributed PNTs go back to the DAO, and the eligible users who have not opted in for the “fast-track repayment” do automatically default to the standard non-fast-track option.
IMPORTANT: If you don’t accept the price assumption of $0.80, don’t claim from the fast-track (FT) claims; you can stick to the standard repayment option as per the original compensation plan. More details on the standard and “fast-track” options: Should the PNT downtrend protection mechanism stop affecting those who agree to receive PNT valued at 0.80 USD (fast-track)?
Snapshot for Claim-2.4-FT, Claim-2.5-FT and Claim-2.6-FT
This Snapshot will be taken Thursday April 28th,2022 at 4pm UTC.
How to participate in the Snapshot for Claim-2.4-FT, Claim-2.5-FT and Claim-2.6-FT: To be part of this Snapshot your address must hold pBTC-on-BSC-v1 when the snapshot is taken.
Each address is eligible for Claims 2.4 FT, 2.5 FT and 2.6 FT based on their pBTC-on-BSC-v1 holdings at the Snapshot time. If an address doesn’t hold pBTC-on-BSC-v1 at the Snapshot time that is not eligible for Claims-2.4-FT, 2.5-FT and 2.6-FT.
The Snapshot for Claim-2.4-FT, Claim-2.5-FT and Claim-2.6-FT works similarly to the previous ones ( Implementation of DAO voting proposal #13: pBTC-on-BSC compensation plan - #9 by bertani )