- TitleDRACO II - Phase 2 - Crypto.org Chain with native token issuance
What is this proposal about?
As announced earlier in the Crypto.org Chain Intergalactic Roadmap (https://blog.crypto.com/crypto-org-chain-intergalactic-roadmap/), we are proposing a network upgrade for the Crypto.org Chain mainnet crypto-org-chain-mainnet-1. This version is meant for the Draco II - Phase 2 mainnet upgrade to enable native token issuance via IBC solo machines. Token issuance is an essential building block for the Crypto.org Chain ecosystem. The tokens can be issued easily with solutions such as Solo Machine, and they are natively recognized and can be transferred around. If it passes, native token issuance will be available on the Crypto.org Chain, detailed summary and discussions can be found here (https://github.com/crypto-org-chain/chain-main/discussions/641)
The governance voting process
The community governance voting process for this upgrade will start once this proposal has been funded by sufficient deposit. If the proposal passes, the upgrade will be performed on block height 3,526,800. The Chain will be paused to allow the majority of validators to upgrade. Validators and full node runners will have to upgrade your Crypto.org Chain nodes to the latest release binary, which is v.3.3.0 at the time of writing (https://github.com/crypto-org-chain/chain-main/releases/tag/v3.3.0).
- TypeSoftware Upgrade
- Total Deposit20,010 CRO
- Submit Time22 Nov 2021 05:37:54 GMT
- Deposit End TimeEnded
- Voting Start Time22 Nov 2021 05:51:43 GMT
- Voting End Time06 Dec 2021 05:51:43 GMT
- Abstain(0.00%)46,981.1294742 CRO
- No(0.00%)108,439.69607682 CRO
- No With Veto(0.00%)41,280 CRO
- Yes(99.99%)2,908,287,893.22946056 CRO