We voted no to Proposal 4 on Cosmos Hub

Kwun Yeung
Apr 29 · 2 min read
https://gph.is/2egICak
  1. It creates a platform for Cosmos Ecosystem projects to raise fund by operating token sale on Cosmos Hub. More ideas can be executed via this platform and expand the Cosmos Ecosystem.
  1. The function of the Cosmos Hub is to connect different hubs and zones. It should keep its internal overhead as low as possible and focus on the throughput in future traffic with other hubs or zones on IBC. While we support the idea of issuance of fungible tokens, we would suggest after issuing the tokens, those tokens should be locked up until the corresponding project is launched. They can then be transferred via IBC to the corresponding zones to achieve the designated utilities. This reduces unnecessary transactions, discourage low-quality token trade and will also avoid spammy projects.

Forbole

PoS blockchains validation and governance

Kwun Yeung

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Conductor of Forbole. Active blockchain explorer.

Forbole

Forbole

PoS blockchains validation and governance