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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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MJC
@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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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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jasonmeinzer.eth 🎩↑
@jasonmeinzer
+1 and pro-rata distros with added benefits could be fun to iterate on…
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sonofsteppes
@sonofsteppes
Maybe not all the profits will be distributed, but only 50%, and the remaining 50% will be used for Blocking by creating a Fund or even burning it.
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blanc
@blanc
dis
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