You confused the NNS with a tribunal.
i hope the have to pay it back-
Honestly, this whole case analysis would’ve been a real struggle without one quiet yet incredibly powerful tool — snsGeek.
It’s one of those services that does its job so well you barely notice it… until you truly need it.
Surprisingly underrated, but absolutely essential when diving deep into the details.
If you’re using it too and see what could be improved — throw some feature requests their way. This tool deserves more love and attention.
Thanks, @GeekFactory .
Your fan
P.S. Does anyone know who actually built it? Did someone from our forum write the code?
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Thank you, Quinto, for providing all the data; it has greatly helped my understanding. I have a question: How is it possible that “Proposal 499 was created, attempting to mint 1 billion BOOM tokens to give to Adam…”? Why is it so easy to mint 1 billion tokens and allocate them to an individual? What privileges does Adam have to enable this? One billion tokens is an enormous amount.
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Any dao member can submit any proposal they want. That is the way a dao is designed to function. To prevent spamming of proposals that should never pass, a reject fee is assigned to make it prohibitively expensive.
However, when you have two parties with enormous sums of cash, fighting eachother, and constantly submitting changes to the rules, the waters get very muddy. I explained this all in simple terms here:
Thank you for your excellent writing in that post. I greatly appreciate it. I read your writing that Borovan and the BoomDAO team spent a significant amount of money on this conflict. Could you estimate the amount? Additionally, since the dissolve delay was increased to so many years, I assume the BoomDAO team only needed to stake a relatively small amount to gain that voting power. How many BOOM tokens might they have staked?
I dont have the tools or the skills to give you an accurate number.
But somewhere in the ballpark of 400k to 500k USD would be my estimate.
Thank you. So the BOOM TEAM got 100 K USD by selling 18 mil tokens, they still lost about 300 K USD?
Again im not sure, but i would guess significant financial damage was done to both parties.
The team was forced to lock up their tokens for more years.
And of course the investors were damaged too.
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Thank you, What is your X account?
Im not a social media guy. Im just a guy with an 8 year neuron trying to protect his savings.
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Some one set your post in slow mode, I cannot reply there. Thank you again for your writing. I wonder if you know about my case here. Few weeks ago, another guy has similar problem but with Kong Swap. SOS. Critical problem with ICPSwap! - #28 by ChauDoan21165
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