Action against MORSE Farming activity from Galxe campaign Week 1 Proposal

Executive Summary

This proposal is intended to implement an revoke mechanism for unclaimed Morse allocations due to Farming activity’s within the MORSE Galxe week 1 campaign.

Background & Rationale

MORSE Liquidity pool is constantly attacked from from low amount sell orders.
During MORSE Galxe week 1 Campaign there where no real measures taken for Farming/Sybil activity. Only Social account and 10+ ETH TX where needed.

In the Table below is an short summary of the Badges claimed:

Week Claimed Badges
1 ~28500
2 ~4500
3 ~3700
4 ~3650
10 ~5050

The amount of Claimed Badges in Week 1, lead to an claimable amount of 0.02804 $MORSE per User.
Taking into account there are around 5000 real users in Week 1 (Rational number) around ~658 $MORSE (Total number) got assigned to ~23500 Farming accounts.

Sell TX can be Re-viewed here: https://etherscan.io/advanced-filter?tkn=0xe591293151fFDadD5E06487087D9b0E2743de92E&txntype=2&amt=0.028~0.0281&ps=100&tadd=0xDd3905B883ce1d037cBBBb588C0b51d20426dB68

Conclusion

Currently it is assumed ~150 MORSE Tokens sold from this Farming accounts.
This means still around 400 MORSE left to sell (Claimed or Unclaimed).

In total around 100k+ $ can be extracted when the avg. price is ~200$ per MORSE.

Measures to tackle the Farmer accounts

  1. Claim function on the morse.mitosis.org page is only available when the total claim amount is =/> 0.1 $MORSE
  2. Check possibility of revoke procedure for all unclaimed $MORSE older than 8 Weeks.

Implementation Process

  1. Approval: This proposal will be voted on by MORSE holders
  2. Transparency: If Proposal passes, Mitosis team need to implement the change off the claim button on morse.mitosis.org within 48hrs. this proposal passes.
    Review the possibility to revoke allocations older than 8 weeks, and place an Execution Proposal within 7 Days this proposal passed or inform about the capability within an Forum post.
  3. Execution:
  • Step one 48hrs after this proposal passes.
  • Step two directly after this proposal passes with an Execution Proposal or and Forum Update Post

Looking Forward

In hindsight of the constant Liquidity pool attacks, we as a MORSE community can tackle this issue now within our DAO.

25 Likes

I strongly support this proposal

6 Likes

this man got my Vote!

this clearly has to stop, i would even make a window for claiming, 1 month max for claiming your rewards

5 Likes

Totally agree with BOTH measures mentioned to tackle farmer accounts.

Incentives for genuine community members is very much welcomed (regardless whether they are being hodled or sold) however, consistent selling pressure by farmer accounts must be tackled once and for all to build confidence on MORSE as an official community token/NFT.

4 Likes

Good proposal. What needs to be discussed what is the correct claim window in all rewards in the future? 8 weeks maybe the right one, but I have no idea when the rewards are always given out, so because of this people may forget to claim rewards for even months and I think our mission is here to tackle original bot issue and not real users

3 Likes

Vote for me! I approve this guys

1 Like

I strongly agree with this

3 Likes

Agree 100% with this. Why isn’t this implemented already? Let’s have it!

4 Likes

I think this is the best stratergy and i fully support it!!!

2 Likes

I support the proposal 100 percent

1 Like

Excellent and great article. I support it!

1 Like

Agreed. it will good for morse future. I support this.

2 Likes

True. The question of reward claim has to be addressed too. We may have more latitude on the reward claim window of those future rewards, since they are less likely to be linked to bots / farming activity.

2 Likes

I strongly support this proposal. The selling pressure from bots has to stop. At this point, all genuine Galxe users and $Morse lovers would have claimed their rewards on this campaign.

1 Like

I support this. You have my vote

1 Like

I do support the idea and also suggest that the idea of rewarding raffle can be changed into Mito points or token post mainet.

1 Like

I totally support prop.

Just want to add - that 28 500 users, that claim galxe week - not exacltly can be called Farmers, as they just finished quest as it was designed. If they trully farmers - they would sell leftovers of 400 $morse long time ago. Majority of guys here have finished quests on galxe at least ones without even knowing project behind? Just because it was easy

2 Likes

agree, this is a huge amount to keep for the community

1 Like

All for it… great proposal @klumpfuss

Totally agree with this proposal :100:

1 Like