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https://warpcast.com/~/channel/spotlight
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MJC
@mjc716
Introducing $PROCOIN, the community-led governance token for Farcaster Pro users. All 10k NFT holders are eligible for an airdrop. But there’s a twist. **The token will be untransferable until 500 Pro users claim.** In order to get a mandate as a community token, we need broad support. To claim, quotecast this post with the text “Ratifying @procoin governance” All 10k NFT holders are eligible, but the first 500 claimers will receive ~5x the allocation.
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MJC
@mjc716
So, what is the token for? Hopefully, it’s the beginning of a governance and coordination mechanism for the Farcaster community at large. To start, the top 75 holders of the token will be named Pro Councillors. Councillors will have exclusive rights to post in the upcoming Procoin Forum mini-app. The list of Councillors will be dynamic, changing based on buys/sells and potentially delegation in the future. The future is open-ended, based on community engagement and feedback, but we hope it can become a tool to identify community intent and coordinate around shared goals.
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@mjc716
50% of token supply is claimable and 50% has been deposited into Uniswap V4 (untradable until 500 users claim). Spotlight is taking 0% of supply and ALL $PROCOIN earned as LP fees will be redistributed to Farcaster Pro subscribers. Powered by Neynar and deployed on Base.
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MJC
@mjc716
This is just an experiment. Play at your own risk.
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wetsocks
@wetsocks.eth
have any of the LP fees been redistributed?
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Zinger
@zinger
Would be nice if LP fees were only distributed to Pro subscribers who are also $PRO holders, more aligned that way
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Cob Orc
@coborc
are you live or not yet ?
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@eljuniordiaz.eth
So I read it to hear that it's for forecaster pro subscribers, but earlier you said it was for the 10,000 first nft holders.. so which is it??? Lol
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Degen Karl
@degenkarl
500m tokens
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Rahul Khan
@blackrock007
Ratifying @procoin governance
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yangi541999
@yangi541999
Ratifying @procoin governance
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Ratifying @procoin governance
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@soltys
Ratifying @procoin governance
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The ChainStories Podcast
@chainstories
The 50% claimable supply and Uniswap V4 liquidity setup is an interesting move. Plus, Spotlight’s approach to redistribute LP fees to Farcaster Pro subscribers keeps things community-focused.
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@enespolat0
Ratifying @procoin governance
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@khalitto
Ratifying @procoin governance
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@shahimam
“Ratifying @procoin governance”
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Karim base.eth
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Ratifying @procoin governance
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@seou15722
Ratifying @procoin governance
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