Out of the seed round? I’d love to meet another participant that is still around.
What couple more million are you referring to? It’s not an investor, all those are taken care of by May 10th
That’s a good answer Saikat but I’d like more updates from you and George and the other founders and to see your actual roadmaps with milestones! This would not only be better communication with everyone invested in the project but also would help keep all of you on track. But anyways, thank you for your reply here and that is a good answer.
Ultimately we need killer dapps that bring users here to ICP in droves and that was always your focus from day 1. You want to bring us the huge Indian market?, then let’s bring it already!
What are we waiting for? I’m hoping all the technical difficulties and frustrations you expressed are being addressed and are finally out of the way.
The fact that you are still here building means something (I hope!)…
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0 users 500k canisters
???
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Hah, your name backwards is Jordan, that’s like a girl who works for me.
These guys are scammers! omg!
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That’s not me she sounds cool though
Why so many canisters??
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Actually she is not cool at all.
Lots of canisters because they’re failed blackhat hackers who thought they could outwit the cleverest person in the world and failed.
I heard she is that’s why she works for you
Wish I could be like her one day
Can’t believe they thought they could outsmart Elonovan musk
FuelEV, hello! Is anyone still alive there in India?
WHEN are you ROLLING BACK the sale as promised?
ETA???
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The FuelEV team spoke to and sought Dfinity’s advice on how to go about the FuelEV SNS rollback
The main takeaway from that conversation is, there are no inbuilt mechanisms in the SNS to roll back a successful sale. Dfinity at this point also do not plan to build or add additional features to enable this in the SNS
The entire process is complicated by the imposition of ICP withdrawal limits from the treasury
The FuelEV team has devised a possible mechanism to roll back the sale via a SNS controlled canister
The FuelEV team intends to submit a motion proposal to share the details of the mechanism and get DAO votes on the direction to move.
With that decision taken via DAO voting, the team will execute proposed plan.
how about someone from the community submits the proposals?
someone can build a redeem canister.
With a simple architecture:
→ redeem canister will store the icp contribution mapped to the user’s identity/principal.
→ All ICP from the FuelEV treasury will be transferred to the redeem canister.
→ user can redeem ICP from the redeem canister, where they also need to approve transfer of FuelEV sns token from the User to the SNS treasury!
Yeah, the FuelEV team would support this if this were to be contributed by the community. We can include this as part of the scope for the motion proposal being submitted.
We need to ensure the code doesn’t have any vulnerabilities.
The canister would need to be under the DAO’s control.
This part is easy to do
This part will take the longest as new proposals get submitted to the treasury to transfer the limited amounts to the canister’s control
This part is also tricky.
They would have to deal with:
- neurons that are locked
- liquid tokens inside the principal
For locked neurons, they have accrued maturity. Needs to be considered when dealing with exchange of the FUEL tokens for ICP. Also, possible neuron transfer mechanisms/workarounds need to be researched for this.
For liquid tokens, principals have traded their tokens since genesis. This needs to consider letting the current holders reclaim ICP and not reward the original SNS sale participants who’ve sold their tokens
There are also participants who’ve staked their tokens in liquidity pools, they need to unstake those amounts incase we choose a snapshot mechanism of the ledger to decide what balance is being held by each principal
There are transactions costs involved for the entire endeavour that needs to be accounted for. Simplest mechanism is to just charge the source for it
How about redeem except the people who are behind this blatant attempt to extort money from good faith investors and the neurons fund? I would support that.
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Digging into the code for a while I found out this:
pub struct DisburseMaturity {
pub to_account: Option<Account>,
pub percentage_to_disburse: u32,
}
pub struct Disburse {
pub to_account: Option<Account>,
pub amount: Option<Amount>,
}
pub enum Command{
...
DisburseMaturity(DisburseMaturity),
Disburse(Disburse),
}
pub struct ManageNeuron {
pub subaccount: serde_bytes::ByteBuf,
pub command: Option<Command>,
}
pub async fn manage_neuron(&self, arg0: ManageNeuron) -> Result<(ManageNeuronResponse,)>
looks there is function for handling who can receive the maturity and disburse. This can be set to governance’s account or anonymous’s account. This can be verified from requesting neuron info. redeem canister will check for that.
I think those people who have accrued maturity should be rewarded with those tokens, and be able to exchange those for ICP too. FuelEV Team should be liable for the amount.
As they also need to provide the tokens for redeem, current_token_balance converted to ICP amount is what they can be rewarded with.
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Hi Everyone! We have submitted a motion proposal detailing the plan for rolling back the SNS DAO of FuelEV. Please view and vote on the proposal on the following link:
FuelEV : SNS Rollback Proposal
You can also access the complete list of the principal IDs and the amount invested by various direct participants in the SNS Swap in this Google sheet.
In case of any queries or discrepancies, please feel free to DM us on our Twitter handle.