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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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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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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 $PROCOIN earned as LP fees will be redistributed to Farcaster Pro subscribers. Powered by Neynar and deployed on Base.
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Ratifying @procoin governance
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Could be cool to set up some kind of LP rewards and entice people into adding to it…
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Fully EPIC!!!😎🙏💪
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$PROCOIN’s governance setup is a cool way to engage the Farcaster community. The Pro Councillor role gives top holders a voice, and it’s exciting to see how it evolves based on community input.
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