The PandaDAO community's refund and dissolution proposal has been approved

2022-09-24 09:37:24

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Chain Catcher news, Snapshot information shows that the PandaDAO community's refund and dissolution proposal has been approved with a support rate of 66.33%. According to the proposal, the 8 core members of PandaDAO and the community leader will destroy 50 million PANDA tokens and remove the Uniswap liquidity pool.

In addition, all PEOPLE held by the PandaDAO treasury will be transferred to the PeopleDAO treasury, and other assets will be converted into approximately 1450 to 1600 ETH as refund funds. One week after the refund, the PandaDAO Discord server and all official social accounts will be deactivated and deleted.

Chain Catcher previously reported that on September 19, Panda, a core member of PandaDAO, tweeted that a community refund and dissolution proposal would be released, with the main reasons for dissolution being issues with the governance structure and DAO management. (Source link)

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PandaDAO DAO PEOPLE

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