IOTA — To Burn or To Build
An attempted summary of where the community is at regarding the upcoming Treasury Fund vote.
Given the current situation, I think it is important for as many of us within the community to communicate about how the active discussions are moving forward regarding the IOTA Community Treasury. Primarily as well, the upcoming initial vote associated with what happens to the Treasury Funds. The below is my attempt to help keep the broader audience updated as the community moves forward.
We had a great community discussion on Discord the other today about the upcoming vote. It was a great kick-off meeting to get things rolling and start to collectively achieve a forward direction. The primary focus was how should the community vote on whether to Burn the tokens or instead collectively take control of the Treasury Funds as a community.
Here are some bullet points from the discussion. Please keep in mind it was 04:00 am while attended the discussion so I may have missed or forgotten something. I am sure others will post updates of the current situation and summary.
What will we be voting on?
The upcoming community vote is not necessarily to Burn the tokens or create a DAO, but rather to vote for A) burning the tokens, or B) the community takes control of the Treasury Funds. A key notation is that it is the “community” that would take control and manage the fund.
