The project’s foundational virtual asset management module will go live upon a positive majority vote, setting the Pollen ecosystem in motion
ROAD TOWN, BRITISH VIRGIN ISLANDS / ACCESSWIRE / June 2, 2022 / Decentralized crypto asset management platform Pollen announced today that Pollen Virtual – the first and foundational module of its collective intelligence-driven trading suite – will launch on mainnet via a community vote, to be held between June 3 and June 6, 2022. The move looks to jumpstart Pollen’s ecosystem and the Pollen DAO, and establish the project as truly community-powered from the onset.
The vote is open to all PLN token holders and will start at 00:00 UTC on June 3, 2022 on the Pollen voting app. Each PLN ‘staked’ as part of the voting process will count as one vote. If a simple majority of over 50% of participating PLN holders vote in favor of launch by 23:59 UTC on June 6, the Pollen DAO contract, along with Pollen Virtual, will be deployed to mainnet within 24 hours.
“After nearly two years of building, we are confident that Pollen is mainnet-ready and capable of fulfilling its mission to democratize asset management,” said Pollen Co-founder and Project Lead Philip Verrien. “Still, delegating this decision to the community is the best way forward if Pollen is to be wholly and truly decentralized from day one. We hope to see our confidence and enthusiasm reflected in PLN holders’ vote on June 6.”
Pollen Virtual – currently available on testnet as a pre-release – will be the first product Pollen brings to mainnet. Building on existing trading simulator concepts to create a circular and self-perpetuating asset management ecosystem, it introduces meritocratic reputation scoring and PLN token rewards. In doing so, it encourages traders to compete against each other in outperforming the market in a sandbox environment, while harvesting collective intelligence to be fed into the asset-backed Pollen Indexes, due to launch in Q4 2022.
A positive vote on June 6 will trigger an activation process, whereby the voting launcher contract will deploy the Pollen DAO and vePLN contracts necessary to run Pollen Virtual, and set a Pollen multi-signature wallet as admin. Once a Pollen governance portal is developed over coming months, this multi-signature wallet will renounce its admin rights to the deployed Pollen DAO contract.
In the event of a tie or should the majority vote against a launch, a second vote will be initiated following a round of community feedback and any ensuing adjustments to Pollen Virtual.
Pollen was founded in 2021 as the first-of-its-kind decentralized crypto asset management suite, where the community holds all the power. Operated by the merit-based Pollen DAO, its governance protocol leverages users’ collective intelligence to curate asset pools in a system that enables all participants to benefit from the contribution of the top-performing traders. Pollen’s core offering comprises virtual portfolio and asset-backed index management tools, due to launch on mainnet in Q2 and Q3 2022.
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Head of Communications, Pollen