FATE Harmony Holders Vested Balance List & FAQ

The wallet list showing the amount of FATE(m) received from the Harmony Allocation can be found here: Harmony Allocation Wallet List

THAT LIST IS WHAT YOU NEED TO REFERENCE

THE FOLLOWING EXPLAINS WHY AND MORE…

IMPORTANT INFO/FAQ:

All of the below was decided by DAO vote and can change by DAO vote:

  1. “Insider” wallets have been removed.
  2. Vested Balances will NOT show up or “magically appear” unless it is being automatically distributed and you have claimed your vested balance. What is not being distributed is held in a vault.
  3. This means: if it is decided to not release the entire vested balance over a single period of time (i.e. we release 5% of it over 6 months) — you will only see 5% of your allocation in your vested balance when the distribution starts.

(Seeing the total would be a nice feature — but not a development priority at all — if the majority of members participated by voting and treated FATE as a governance token, not an investment with its own value — maybe…)

We understand this — and respect it — which is why we have proposed a Members’ Board where elected members can receive delegated voting rights. This is up to members to create — the lead team will assist (we are members too) but the priority is developing FxD to add value to membership.

  1. Proposals will be posted on several decisions required to create the distribution amounts and timing (and other matters related to this topic) — no distribution or vested balance amounts will occur prior to this.

TO PARTICIPATE IN GOVERNANCE PROPOSALS FOR THE DAO YOU MUST HAVE FATE ISSUED ON MATIC & ADD THE VOTING POWER GOVERNANCE TOKEN TO VOTE IN THE FATExDAO POLYGON SNAPSHOT.

  1. IF you want to make a proposal ask to help make & join the members’ board or simply ask for one — if it is logical we will get consensus and propose it…
  2. FIND LINKS FOR ALL YOU NEED HERE: https://linktr.ee/fatexdao
  3. Discord/TG has pinned messages with info
  4. Substack/Medium has publications for the answers to all your questions. (substack has a publication specifically for governance)
  5. Any questions after checking substack/medium/discord/TG — ASK

FATE MATIC Token Address: 0x4853365bC81f8270D902076892e13F27c27e7266

FATE VOTING POWER Token Address (add to wallet to vote) 0x874250204B72354Ba789a57d39E291C515bc820a

FATExDAO Snapshot Governance: DAO Snapshot Governance

For simplicity — the calculation used to determine a wallet’s % allocation is:

Total FATE in wallet + Epoch 0 Rewards + Epoch 1 Rewards

= TOTAL per Wallet

% of Wallet Allocation = TOTAL FATE per Wallet / Sum totals for all wallets

Amount of FATE(m) per wallet = % of Wallet allocation (x) Allocation.

Total FATE in wallet = (Balance in a wallet when rewards were turned off on FATExDEX.io on Harmony)

Originally published at https://fatex.substack.com on July 3, 2022.

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FATEXDAO.io is a Neo #DeFi DAO FinTech enterprise, focused on large-scale DLT/tokenization, ESG/CSR bank-grade solutions: FATExFi — FxD.