Proposal #3: Locking TREAD & LFI
We never have, nor ever will, plan to mint new supply in TREAD & LFI. On the contrary, our project burn mechanisms are in place to ensure long term commitment to deflationary practices. But our deflationary principles mean little but trust alone if TREAD & LFI remain unlocked. Therefore I'm proposing we lock both TREAD & LFI to ring in the New Year.
Proposed Changes:
- Lock TREAD
Set issuing account GANMKTF7SVYEHZ4CTLRKT2MG2OUJNDEA3JGZGTUTHQZOZSWJHHUF6VLM for TREAD at master weight of zero (w:0)
- Lock LFI
Set issuing account GDX4QYQYGNMZXFTYLFZWUJSP32ASCBVQVOIRV55IVMDZKTRSYGZ3TWNJ for LFI at master weight of zero (w:0)
Voting on "Proposal #3: Locking TREAD & LFI" will take place until 00:00 UTC Jan 1st, 2025. At which time the outcome of proposal #3 will be enacted.
What Changes with Locked Status:
- No new supply can ever be minted for TREAD & LFI
- No flags can be authorized on TREAD & LFI
- donttreadtoken.com domain is permanent for TREAD & LFI
For further reference on what locking entails, please visit this Stellar Developer Doc https://developers.stellar.org/docs/tokens/control-asset-access#limiting-the-supply-of-an-asset
By locking both projects we instantly become more marketable and attractive to investors. We are granting finite supply guarantees. We are ensuring investors their assets will never be frozen, and their trustlines never revoked. And we are making a long term commitment to our site here at https://donttreadtoken.com.
For those looking to vote on Proposal #3: Locking TREAD & LFI, head to this link and vote before 00:00 UTC January 1st, 2025: https://t.me/libertycryptosyndicate/237741
For further comments and questions, visit our group at https://t.me/libertycryptosyndicate
