Objective

This proposal sets out with the objective to increase the total supply by 10,000x; as many as 100,000,000 $MOTOKO. Each participant will receive a new quantity of $MOTOKO, equivalent to 10,000x of their old balance, ex, 1.0=10,000 $MOTOKO.

Why this is important

This proposal has 2 primary benefits to the $MOTOKO community;

1, While high prices may seem favorable for holders, if they are primarily driven by an extreme supply crunch rather than organic growth or demand, this dynamic can have several unintended consequences, ultimately resulting in a net negative for the broader community.

2, The "Whole Coin Effect" directly impacts how individuals perceive their stake in a project. Participants who can only own fractional units of a token often feel less psychologically invested compared to those who can hold whole units.

Execution

1. Pause trading pairs and remove liquidity on ICP Swap, Sonic, ICDex, and KongSwap effective immediately

2. Establish snapshot date of January 10th for the registry (to be adjusted via proposal if required)

3. Calculate new balances

4. Verify registry

5. Mint sum of registry balances to " bwlje-p5xc2-yf2rg-bqrue-hrmg6-c4evj-7qgde-fwdfw-ckjai-jwe3y-rqe " for distribution

6. Re-establish liquidity & trading pairs on ICP Swap, Sonic, ICDex, and KongSwap on January 12th at 1/10,000th the price

Pros

-Offers potential to expand community to members inaccessible before

-Low risk adjustment - there is no loss of value as all holders have tokens multiplied

-Builds a trajectory for long term growth

Cons

-Miscommunication of the token split can lead to FUD

-Will provide the perception of $MOTOKO devaluation in the short term

-Temporarily strains liquidity, as all will have to be removed to ensure accurate distribution of supply

-Potential for human error

Security concerns

-Exploitation of $MOTOKO valuation during liquidity re-set

-"Re-distribution" Phishing Scams

What is asked of the community

-Remove any liquidity leading into the transition - DEX's may not properly register your balance after the token split, and you may not receive the full quantity.

-Do not participate in any "Re-Distributions" of $MOTOKO. The token & it's canister will not change. Your balance will automatically increase without action, similiar to a decimal place being moved.

-Once liquidity has been removed, avoid trading, as you will face extreme slippage. Liquidity will be re-added once $MOTOKO reflects 1/10,000th of what it was leading into the split.

-Once stabilisation has been announced in Discord, providers are encouraged to resume stablizing liquidity while the DAO arranges it own liquidity, preventing manipulation.

This proposal was created using https://ic-toolkit.app

Motion Proposal:

Motion Text:

Motion Proposal to Execute 10,000x Token Split