Funding - Back To Vest?

Democracy
1

Currently, messages on Haven do not always come through, so I copy-pasted a few below.

November 10, 2025

itsRelaxedDetroit
06:42 PM
Mix

With regard to funding the following. Through governance a lot is possible right. So I was thinking would it be an idea to vest all the xx that are currently on the blockchain for a period of for example a year. One exception is a wallet controlled by XX Foundation. For transparency, best would be that coins on that wallet are sold for USDT on a DEX, and not a CEX. Those USDT can be used for grants etc.

Coins coming from MEXC once on the blockchain also get automatically vested for the remaining period of that year.

Vesting can be extended through governance.

There should be enough node operators that can keep running with vested coins. I think there will be more than enough that can and are willing to do that if well informed.

itsRelaxedDetroit
06:44 PM
Mix

Foundation wallet gets filled with coins from the treasury.

November 12, 2025

itsRelaxedDetroit
With regard to funding the following. Through governance a lot is possible right. So I was thinking would it be an idea to vest all the xx that are currently on the blockchain for a period of for example a year. One exception is a wallet controlled by XX Foundation. For transparency, best would be that coins on that wallet are sold for USDT on a DEX, and not a CEX. Those USDT can be used for grants etc.

Coins coming from MEXC once on the blockchain also get automatically vested for the remaining period of that year.

Vesting can be extended through governance.

There should be enough node operators that can keep running with vested coins. I think there will be more than enough that can and are willing to do that if well informed.

aCarsickTrace
replied to
itsRelaxedDetroit
06:56 PM
Mix

You can’t force-vest coins someone already owns (that would almost certainly run afoul of a bunch of laws in nearly every country) and block rewards are essentially already that. The foundation already does vesting contracts, generally, which is not different than what you are proposing.

aCarsickTrace
You can’t force-vest coins someone already owns (that would almost certainly run afoul of a bunch of laws in nearly every country) and block rewards are essentially already that. The foundation already does vesting contracts, generally, which is not different than what you are proposing.

itsRelaxedDetroit
replied to
aCarsickTrace
08:33 PM
Mix

The xx coin holders can’t do that through Democracy?

The supply decreases and the Foundation coins can be sold for a good price. From those funds all xx coin holders will benefit, and things might speed up.

Because nodes also have to pay bills, maybe a certain percentage of the daily validator reward is also vest-free.

If the foundation has enough funds, then slowly unvest all the coins.

All through democracy, decided by the xx coin holders themselves.

2

:laughing:

I’d like to say something smart, but I don’t even understand the idea because it seems unfathomable. What Rick says - You can’t force-vest coins someone already owns - is basically it.

It is effectively a proposal for partial confiscation (due to missed yield and ability to use coins), and secondly, making someone’s coins future-vestable doesn’t free them from having to pay tax (not that I expect any gains, but in theory at least) while being unable to sell any portion of those coins to pay tax.

If that happened, why would anyone want to hold any xx coins at all? Could they be next?

It’d be nice if we could expropriate the scammy validators, but unfortunately we can’t do that either.

3

This may be an option:

  • hard fork to xx2 and a very large part of the xx2 coins vested

  • foundation wallet vest-free, to be sold for USDT to for example fund projects that connect xx2 to tens of other crypto eco systems (value and demand increase); some of these projects possibly carried out by ex-xx team members

  • some daily validator reward vest-free to pay node run bills, and this is also an incentive to start running a node, which will lead to competition for a spot in the active set

  • possibly some staking reward vest-free to pay tax bills (where applicable), and it is an additional incentive to stake xx2 coins to increase the security of xx2 network

  • for the sake of transparency, in the beginning DEX only, this also makes the coin less prone to market manipulations

Does anybody know a good name for xx2?

4

I get that it might be an idea to control the coin’s supply and demand, but a fork just for that? Honestly, it doesn’t sound like a good idea, and I doubt they even have the manpower to do it.

1 Like
5

Team/Foundation/3rd party develop company haven’t even managed to finish the Chrome/Firefox extension they said they’d been developing for almost a year… XX2? Who could possibly build that?

1 Like
6

It could be useful only if we have a decentralized version of the XX