Hey Zion, I wanted to express my gratitude for your swift feedback.
It’s sorry to hear that the Grant Support Squad has recommended to the Revocations Committee the revocation of our project’s vesting contract.
I would like to address some points for clarification:
- Project Model Clarification - As discussed via email, our team has consistently emphasized that the model in question functions as a raffle system, distinct from a betting model. These clarifications were publicly disseminated prior to the proposal’s acceptance and preceding any interaction with The Grant Support Squad. While we acknowledge that the phrasing employed may have been suboptimal, we maintain that it does not constitute a ‘significant alteration’ to our project.
Furthermore, it is imperative to note that this matter was thoroughly reviewed and definitively confirmed during a consultation with Pablo from the Grant Support Squad team on February 10, 2024. Therefore, the rationale behind Zino’s recent inquiry on March 25, 2024—occurring 35 days subsequent to the aforementioned clarification and confirmation by the Grant Squad Team—presents a perplexing situation warranting clarification.
-
Legal and Compliance Assurance - We have duly signed the agreement as requested by the DCL legal team and have diligently addressed all the legal concerns raised by them. This process proceeded smoothly, culminating in the creation of a vesting contract. To date, the DCL legal team has not raised any further concerns. Therefore, it is my belief that our project does not warrant any description as triggering problems in terms of Legal and Compliance Assurance.
-
Smart Contract Deployment - The reason ‘phase’ was omitted from the initial version of the smart contract stems from its sole usability within a specific environment. Consequently, our developers opted against integrating a phase unlocking function, deeming it unnecessary and not detrimental to the contract’s security. Moreover, the smart contract underwent thorough review and auditing by a reputable third-party smart contract auditing firm based in Hong Kong.
- 1st version: StakingRewards | Address 0x638ED49981eE49064225029Fc5029914BF160CFc | PolygonScan
- 2nd version: StakingRewards | Address 0x7d208f25771B21C4035eddcABc94B7e42A973064 | PolygonScan
In response to concerns raised by both The Grant Support Squad and the advisor regarding smart contract security, we proposed implementing a user wallet screening mechanism as an alternative to staking $MANA, in order to alleviate everyone’s concerns about smart contract security.
- Acquiring Users - To clarify, our estimated number of participants per event was 2000, not 24000. The latter figure represented the total estimated participants across all 12 events. While we are confident in achieving the projected numbers, we seek clarification on any potential consequences from the DAO should the actual participation fall short of the target in a single event.
We are eager to address any further inquiries or provide additional documentation that may assist in reconsidering the revocation recommendation.
Thank you for your attention to these matters. We appreciate your guidance and look forward to your response regarding the next steps.