Time Travelers, Our first DAO proposal is behind us and so | revault network Announcements

Time Travelers,

Our first DAO proposal is behind us and so does the 2nd distribution trench for $REVA contributors. This is a good opportunity for a quick post mortem and further information of what to expect next.

DAO - You guys just keep on never letting us down! Lasting only 3 days, 302 Time Travelers exercised their right and voted on Revault’s first proposal. This is an amazing participation rate and above and beyond our expectations. An overwhelming majority of 700K $REVA holders overcame 1K $REVA holders voting against, approving Revault’s first DAO proposal to spend nearly 1M$ on community incentives.

2nd Distribution Trench - The second distribution trench took place today adding approximately 500K $REVA tokens into circulation, representing ⅓ of the Pre-sale and ILO tokens and 1/12 of the private investors and team’s portion. In a way that leaves no room for doubt as to the community's support for Revault, most of the $REVA claimed from the vesting smart contract, has already been staked in the various $REVA staking pools.

Airdrop - We kept the best for last. After having personal discussions with dozens of respectable community members, it seems like many of you would like to add LP providers to the party as well. We urge every one of you that feels that way to make a proposal on our DAO page in Snapshot.org (Most of the team will support you) We also decided that although each and every one of us team members has its $REVA locked in the protocol since day 1, we are going to blacklist our addresses from the Airdrop rewards making the reward for every other participant far greater. The snapshot will be taken in the coming days and another announcement will be made with the Airdrop full criteria.

Stay tuned amigos and keep Revaulting!