Validators asked me to wait for 6 months before reapplying for this again, so I waited, and yet and the Quant Team wasn't able to do anything till now. I had begun writing this algo as a component to the original repeg plan almost 8 months back. 6 months back I had created the original USTC Repeg plan for a vote and now I am creating it for the HODLR Algorithm which I have written and I need to develop further. To put it in one sentence, the HODLR algo is a High Frequency Trading algo which automatically trades and makes profits over a period of time. I have already tested it and the test results are on my X account @klothtweets. This algorithm makes a minimum profit of 70-80% and maximum profit of ~450% in 30 days according to initial test results. If this prop is funded, I will be able to get an AWS server, test and deploy it live. This will allow normal users to invest LUNC and USTC, make profits while holding it like a fixed deposit withdrawable any time, and also burn both LUNC and USTC in the process, automatically repegging USTC. So the funding is not to put into the algo. If anyone has mentioned that, then they are misleading the community. The spend amount required - $ 10,000 is for the AWS server which will cost me around $ 3,000 for 6 months and my remuneration, which is $ 6,000 for 6 months. So, currently I require just $ 10,000 to continue my work. I can't continue this work for free because I need to dedicate all my time to it as it is an intensive task to develop an algo that only I know how I wrote. I have written at length about the algo on my X account which you can find by searching for HODLR on my profile @klothtweets. There is no team that I have for this proposal and I am working alone on this currently. I have already created my other proposal #11857 in which I have mentioned that I am a publicly doxxed person so Google searchable. Also, the wallet address terra1v52g84784ja58g0wkcs0wf8r6qs0q0s4jlqwp8 mentioned to receive the funding is my own, and my complete name is Arunaday Basu. My original repeg plan had reserves in BTC which is pumping right now. If validators had approved that plan 6 months back, we would have already had enough reserves to repeg quite a bit of USTC. Please make the correct decision this time and vote on this cause every vote counts. Thanks for your vote - Arunaday Basu.
Submitted
25 Oct 2023, 18:16:10 UTC
Vote closed
11 Nov 2023, 19:49:03 UTC
Not approved
The proposal did not produce an approved governance action.
Current or final voting power, calculated from the on-chain tally.
Quorum
Reached
Objective network measurements at vote close plus 7, 30, and 90 days. Missing history is shown honestly, never backfilled with estimates.
Community pool
Preferred signal: context
7 days
Only approved proposals receive an outcome window.
30 days
Only approved proposals receive an outcome window.
90 days
Only approved proposals receive an outcome window.
/cosmos.gov.v1.MsgExecLegacyContent/cosmos.distribution.v1beta1.CommunityPoolSpendProposal55.93% participating
Approval
Below threshold
1.67% decisive Yes
Veto
Below threshold
20.14% of participation
What this message can change—not a prediction of price.
156,000,000 LUNC
terra1v52g84784ja58g0wkcs0wf8r6qs0q0s4jlqwp8