Dear POP! Town,
We are thrilled to announce that today we will be hosting our second MLP Community Voting Competition!
The competition will be hosted on our official Twitter page, which you can find here. We will announce the starting line-up of 8 candidates, at which point over a period of 4 days the elimination rounds will transpire. Unfortunately, Twitter’s poll/voting feature is limited to 4 options. Given this, the “1st round” (which in theory consists of the 8 candidates), will have to be split into 2 separate rounds (4 candidates per round).
Furthermore, we have taken your suggestions into consideration, and have decided to run the final round both on Twitter (for the entire market), as well as on https://snapshot.org/#/poptown where POP! holders can vote for their final choice. This decision was taken after numerous community members being concerned about potential foul play in order to deceivingly change the voting outcome on Twitter. Therefore, the final outcome will be decided based purely on the votes set by the POP! holders on the snapshot website.
Therefore, the structure of the voting days will look as follows:
Day 1 / Round 1 — Community can vote on the first four Teams. After 24h, the two highest voted teams will move to Round 3
Day 2 / Round 2 — Community can vote on the remaining four Teams. After 24h, the two highest voted teams will move to Round 3
Day 3 / Round 3 — Community can vote on the four winning Teams from Round 1 & 2. After 24h, the two highest voted teams will move to Round 4
Day 4 / Round 4 — Community can vote on the winning two Teams from Round 3. After 24h, the highest voted team (on https://snapshot.org/#/poptown) will win the competition.
Day 5 — The winner of the competition will be announced.
To better understand this, here is an example of what a standard MLP voting competition might look like.
As can be seen for Day 1 / Round 1, Team 2 and 3 have the highest votes, and since they make up half the round, they move onto the next round. This repeats until a final winner is determined — which in this particular case is Team 3.
Once the competition has come to an end, the winning team will be contacted in order to negotiate a potential MLP listing on POP! To reward the community for participating in this competition, the winning team will be awarded with an extra 25 Allocation Points to their MLP. In essence this means that all those participating in that particular MLP will be able to farm POP! Tokens at a higher rate. For more details on how that works, check our Gitbook here.
As always — stay Poppin’
About POP!
POP! is a platform that allows 2 projects to objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). In addition, it grants POP! users the opportunity to provide single-sided liquidity, in the form of their favourite token, by matching them with another POP! user and adding their joint liquidity into the MLP.
Powered by Faculty Group, POP! aims to set a new golden standard with regards to partnerships, and how they are perceived within the digital asset ecosystem.
