The project team will explain Stepwatch’s second governance result. For governance, voting was conducted using $pSWP instead of $SWP tokens, and $pSWP is a governance token that was obtained by depositing $SWP in the funding wallet[https://stepwatch.io/profile/funding]
Snapshot took place on May 19, 2023, and when users deposited their $SWP in the Funding Wallet, they were able to receive an airdrop of $pSWP at a 1:1 ratio.
Governance voting had taken place for about 24 hours from 9:00 PM (UTC+9) on May 20, 2023, and the total number of participants was counted as 1117 SWP holders. The voting method is simply by Single Choice Voting method, a total of 33,380,366 $SWP tokens were used for the snapshot and votes, and $pSWP tokens were airdropped to voters.
[Result 1]
Full Chain Migration of the entire Stepwatch Platform to a BSC Chain or SUI Blockchain?
BSC
[Result 2]
Change the SWP Token Release Schedule from 5 to 10 years and Total Supply 500M to 1B
Agreed
[Result 3]
Which name is being proposed to replace Stepwatch’s branding?
Sprint
[Result 4]
Remove SWE and SWLD Tokens so that SWP will be usable for every ecosystem. (SWE and SWLD will be swapped to SWP After Rebranding)
Agree
In summary, Stepwatch has decided to migrate to the BSC Network, and $SWP Circulating Supply, which was previously in Polygon, will be 1:1 swapped through each exchange (Kucoin, Gate.io, BingX, MEXC, Phemex) and Funding Wallet. The Total Supply will also increase to 1 billion, and the Token Release Schedule will also increase from 5 years to 10 years. That means Stepwatch could be a bit longer-term project and sustainable.
Stepwatch will be changed to Sprint project through rebranding, and SWE and SWLD will be integrated into $SWP after Stepwatch rebranding. Stay tuned for the Stepwatch project coming back as $SWP with more utilities.
The rebranding schedule is planned from July 27th to August 1st.
Website, Whitepaper renewal (July 28th)
NFT Migration (July 27th)
Application Renewal (July 28)
Token Swap (August 1st)
If you have any further questions, please contact us at contact@stepwatch.io.
Join our Discord channel for more rebranding news.
https://discord.com/invite/euyew8TQ7s
Following us on Twitter is also a great way to hear the latest news from Stepwatch.
https://twitter.com/stepwatchglobal
Thank you to all the voters who participated in the 2nd Governance. We look forward to seeing you with more good news and updates. Refer to https://stepwatch.io/governance ⬅️
For more information see the link below.
Website
https://stepwatch.io/
Telegram
https://t.me/stepwatchglobal
https://t.me/StepWatchAnnounements
Twitter
https://twitter.com/stepwatchglobal
Twitter Japan
https://twitter.com/StepWatch_JP
