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The momentum continues to build as we approach the public launch of the Ambire Wallet browser extension! Our community has already decided to stop early user incentives from the v1 web and mobile wallets and focus them on the extension after its official launch, and now itâs time for the next step. With over 155 million $WALLET tokens already distributed, we have 145 million left from the initial allocation.
In the latest governance vote, we ask the community to decide on the incentive budget! The question is whether to allocate 145 million $WALLET tokens for the extension launch or to add an additional 50 million $WALLET tokens from the WalletDAO reserve, making a total of 195 million tokens available for incentives. Exciting times are ahead, and early adopters of the extension might be in a prime position to reap the rewards!
Our goal with this proposal is to supercharge the Ambire extension launch, which is set to redefine what a Web3 wallet can do. The extension is the first of its kind to offer hybrid account abstraction, meaning it seamlessly supports Basic Accounts (EOAs) and Smart Accounts as equals on EVM networks, offering a superior experience that outshines any wallet on the marketâââaccount abstraction or not. By strategically allocating resources towards the extension, we aim to position it at the forefront of Web3 wallets in terms of user experience, security, functionalities, etc.
The introduction of extension incentives is helping to:
This proposal asks the community to decide how many $WALLET tokens should be allocated for the upcoming extension launch incentives. You can choose to allocate the remaining 145 million $WALLET tokens from the initial user incentives allocation or add 50 million more from the WalletDAO treasuryâs âCommunity reserve and DAOâ allocation, bringing the total to 195 million $WALLET tokens. The additional tokens would bolster the incentives available, making the extension launch even more compelling and potentially attracting a broader user base.
The community will decide on one of the following options:
Anyone holding xWALLET tokens before the Sep 2nd, 2024 snapshot at 14:00 UTC will be eligible to participate in this governance vote. Please note that users who stake tokens after the snapshot cannot participate.
The voting period opens on Monday, September 02, 2024, at 14:00 UTC and will continue for 14 days, concluding on Monday, September 16, 2024, at 14:00Â UTC.
Participating in this governance vote is simple and follows the process of our previous votes.
Hereâs how you can submit your vote:
Your participation in Ambire governance is crucial to shaping our platformâs future and ensuring the success of our extension launch. Have ideas or feedback? Visit our Forum or connect with us on Discord or Telegram to share your thoughts.
Users will be rewarded continuously (similar to Ambire v1âs continuous airdrop) for actively using the extension. The more active users interact daily with dApps and sign transactions, the more funds they trust Ambire with and the more rewards they will receive.
Rewards will be distributed continuously after the public launch, starting when you create or import a wallet that meets certain criteria, which will be announced soon.
The public launch is planned for Q4 of 2024.
As per the last governance vote, the early incentives for web and mobile users were already stopped. Those users can only benefit from $WALLET staking rewards, which are not subject to this vote.
The $WALLET staking rewards are not affected by the extension launch rewards vote.
Yes, if you continue using the extension after the public launch.
Interested in Ambire? Follow us:
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Ambire Governance Vote: Allocate $WALLET for the Extension Launch Incentives was originally published in The Ambire Wallet Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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