On Sunday, the 30th of January, 2022, the second team funding request has been officially approved by Particl stakeholders with an impressive approval rate of 99.36%! This marks an important milestone for the project as this funds the team to develop, promote, and expand the Particl ecosystem for a duration of 6 more months, after which the team will submit a renewed funding request.

The Results Are In!

Team Funding Request

The Team Funding Request #2 proposed attributing funds from the network's decentralized Treasury Fund to the Particl team to support the development, promotion, and expansion of the Particl ecosystem. The proposal requested 35,250 PART per month from the treasury for 6 months, after which a new funding request will need to be pushed by the team and approved by stakeholders.

We are happy to report that Particl stakeholders have approved this proposal with an outstanding 99.36% approval rate (minimum required was 60%) and a 68.61% participation rate (minimum required was 20%). The vote lasted for 5,040 blocks, with 3,436 of them voting in favor of the proposal and 22 voting against it.

Thank You For Your Trust

Passing funding requests isn't possible without your support. Indeed, because the community entirely owns the Treasury Fund, this proposal asked for much more than just funds to support the project; it asked for the your trust and stamp of approval.

For this reason, we want to thank every one of you in the community for this vote of confidence and for participating in this democratic exercise. We are all very excited, and proud, to be able to keep on working on Particl, expanding its ecosystem, and stimulating its adoption along with you all.

In the months to come, let’s take Particl to the next level and deliver to the world a truly decentralized, private, secure, and free e-commerce platform that is easy to use. It’s high time that we all break free from the chains of greedy corporations and agenda-driven organizations that have centralized control and power both on the internet and offline.

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