I suggest not to reschedule lisk burn or allocate proposal and here are the reasons why:
Current time - we are at best time that happens only once per 4 years to grab people attention around lisk project
Token burn is guaranteed grabbing attention and new investors
July 1st 2025 is end of bull run and only 10% of participants will stay to that time in crypto market meaning that burn or allocate event will have 90% less impact on token price or even more
Changing decission about date of such important event is pissing off investors and destroy your credibility and reliability
Price of lisk going down straight after you posted update on the 100m lsk dao proposal on x.com
This reschedule is giving final signals for old investors that are sitting with lisk still with huge losses to rage quit this and turn into another available projects, you are losing community rapidly and consequently
100% agree as a lisk long term holder. Many of my friends left this project and the main reason for that was that community was dominated by lisk team on everything… token price is not looking good as well for years tbh.
Given your past posts and general tone, I hesitated to respond, but let’s give it a try.
You seem quite vocal about burning tokens, so I’m surprised you’re not seeing the benefit of postponing the vote. It actually gives the community a real chance to pass the proposal. Do you understand what it takes for a proposal to succeed? This isn’t just a simple Twitter poll—we’re talking about 24M in voting power. Check tally.xyz and see how much of that power is currently in the hands of the community. In this case, it doesn’t even matter if the Lisk Team/Founders vote or not, as it will still be difficult to reach the 24M threshold.
The postponement levels the playing field, making the vote more fair.
Let me explain. Community wants to burn 100m lisk tokens.
"It gives the community a real chance to pass the proposal. " - what do you mean by that, I don’t get it. I thought the proposal had been already officially announced to take place from 25th Sept. to 1st Oct. 2024. Here are some articles about that as evidence:
“Check tally.xyz and see how much of that power is currently in the hands of the community.” - so you mean exactly this website? Tally | Lisk | Delegates
“The postponement levels the playing field, making the vote more fair.” - do you know that July 2025 will be DEAD SEASON for altcoins? Do you realize that regardless of voting fairness or not and the results of this voting it will be way better to do it as everybody was anticipating it and most importantly because it should happen at the right time and 4 years best before bull run on 25th Sept.?
“It will still be difficult to reach the 24M threshold.” - so who invented those rules? somebody came up with idea to burn or allocate so what is the problem to reduce this threshold to be lower?
In July 2025 you will end up with no people willing to vote for it because everybody will already be gone from sinking ship. I tell you the truth, I want the best for this project and I see very negative people reactions to rescheduling everywhere on the internet, it’s not just me it’s majority of investors opinion and negative token price reaction also shows it. Take it into deep consideration before you reply. Nobody will care about it if it will take place on 1st July 2025 - while the general idea seems to you to be the best and fairest, the truth is that negative market sentiment will make it irrelevant
because the crypto boom will end and investors will leave Lisk for good.
If you believe that you can replace community with Africans and Hindu people in July 2025 then go for it but majority of people will be out of this project who postpones everything in time and doesn’t keep promises.
“Tor_E2E
While you are dancing in front of africas, investors are dropping Lisk. And now another bad decision. If you have strong support to postpone the vote, do onchain voting to show this and refrain using your fat team wallets.”
It will be more better if you burn it… All the best…"
You won’t believe it but all replies below this post: x.com are negative. Generally you wrote:
“Following community discussions and suggestions from a forum post by one of our delegates, and based on the strong support to postpone the vote, we’ve decided to move the vote to July 1, 2025.” - this meaning you decided to reschedule ONLY by looking at THIS FORUM and 99,9% of community is ABSENT in THIS FORUM. Barely anyone knows it exists.
Now what? Binance Square, CoinGape, Coinstats, and others will say oh, sorry for that news it’s no longer relevant - no they won’t, next time they won’t write about your project.
So it looks like delegates with millions of LSK tokens decide for themselves whether to reschedule a vote on proposal or not or am I wrong? They can change something already been officially announced just like that. I want to be wrong but… are you guys afraid reaching 24m will fail now? then why do you think on 1st July 2025 it won’t fail?
Then why you set date to 1st July 2025? This is very bad date because you may hit end of bull run it is really high chance of probability for that and you will have the highest interest of investors in lisk in winter Janurary 2025 or December 2024 so change this date and I will be happy as well as every other investor. You can make that experiment with another post on x.com with date change to december 2024 or january 2025 and everybody from community will react positively I guarantee you that. This move can correct bad reaction and investors resignations. I observe lisk price for more than 6 years and now sell pressure after update went up and sentiment is really bad, it is worse than you think from investors perspective. We are starving for any bullish events for years and nothing is comming up.
Let me break this down as simply as possible: if you go Tally | Lisk | Delegates, this is where the voting on the burning proposal will take place. In the distribution section, you can see:
There are 32.51M delegated tokens. From the list of delegates, it’s clear that at least 12M are in the hands of entities connected to Lisk. This leaves about 20M voting power or less in the hands of the community. Even if every community member agrees with the burning proposal, it still falls short of the required quorum (24M). Additionally, the voting lasts only 7 days, so some people might not even realize it’s happening in time to cast their vote.
There are still over 30M unclaimed LSK from the L1 chain. Postponing the vote would allow time for people to claim those tokens and increase the voting power within the DAO.
Also, with the public mainnet launch coming in a few months, more people could be attracted to stake their tokens, further boosting community voting power.
The Lisk research team probably determined the 24M threshold after some evaluation. While it can be changed, we need to consider the security implications. Lowering it too much could introduce vulnerabilities. That’s why postponing the vote is beneficial even here, it provides time for further discussion and consideration.
No one knows what will happen then, but at least it has mathematical chance to pass.
This is you showing weakness of the project to community. Many people won’t recover their lisk tokens because it is too complicated and in some cases impossible due to errors - probably around 30% have lost their tokens. People say that instructions you gave them are not clear. It was better for you not to announce this event you did harm for the project. Investors are leaving and lisk price is evidence that I’m right. Just make 24m be 12m and exclude lisk team people.
It’s not a bad date; by my forecasting, it will be the middle of the bull run. And there’s one more reason why it’s set for that time:
If by that date (one year has passed since the start and one year remains), we still have the same large number of unclaimed tokens, we are more likely to burn 100M for the DAO, because 45M have already been minted without our decision, and the rest of the unclaimed tokens can be transferred to the DAO as well.
I want to believe you but from my investing strategy point of view I can’t. General prediction is that bull run will end on september 2025 but we observe trend that people are more and more aware of bitcoin cycles and are leaving sooner just in case. This time on this bull run it will be double short meaning people will start leaving the market not 1 month sooner than everyone is predicting, not 2 months sooner but even 3-4 months sooner. I see zero chance for what you wrote will be correct. 1st of June might be already after the bull run and I guarantee you that it won’t be the middle as you think. This date is very risky in my opinion that’s why I’m afraid of it as well as other people.
