On Thursday, the 29th of August, 2023, the fourth team funding request has been officially approved by Particl stakeholders with an impressive approval rate of 99.82%!
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 12 more months, after which the team will submit a renewed funding request.
For a comprehensive overview of the approved proposal and the upcoming initiatives for the next few months, please refer to the original proposal blog post.
Please note that, due to an agreement with MEXC effective at the time the proposal was published, the mention of Particl's impending addition the exchange was omitted from the proposal's initial publication.
With the PART/USDT pair now officially live for trading on MEXC, we proudly embark on this cycle with a significant accomplishment aligned with the proposal's priority list right from the start!
The Results Are In!
Team Funding Request #4 aimed to allocate resources from the decentralized Treasury Fund to fund the Particl team's efforts in developing, promoting, and expanding the Particl ecosystem. The proposal sought 35,250 PART per month from the treasury over a span of 12 months, followed by the requirement of a new funding request to be published and voted on by stakeholders once this one expires.
We are delighted to announce that this proposal received resounding approval from Particl stakeholders, achieving an outstanding 99.82% approval rate (exceeding the 60% minimum requirement) and a 55.24% participation rate (surpassing the 20% minimum threshold). The voting period spanned 5,040 blocks, with 2779 votes in favor of the proposal, and 5 votes against it.
Thank You For Your Trust
Passing funding requests isn't possible without your trust and 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.
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