Summary
This proposal is to upgrade the Passage Chain software to v2.6.0, which will burn all unclaimed and unallocated tokens from the Strange Clan community airdrop. This upgrade is required to align with the original tokenomics mentioned in the whitepaper.
The upgrade is scheduled at height 14271000, which is estimated to take place on 24 June, 2025 at 16:30 UTC.
# Background
50% of the total PASG airdrop supply (105,000,000 PASG) was allocated to Strange Clan NFT holders.
66% of this allocation was available to claim for 90 days between October 23, 2023 and January 21, 2024. The remaining 33% was made available as a bonus to participants who staked 100% of their airdrop tokens for 14 months from December 29, 2023 to February 28, 2025.
Due to the minted supply of the relevant collections, not all 105,000,000 tokens were utilized for the airdrop.
The following totals reflect the allocated, claimed, and unclaimed amounts:
Original Airdrop Allocation: 66,433,233 PASG
* 54,724,801 PASG claimed
* 11,708,432 PASG unclaimed and burned in governance proposal #12
Bonus Airdrop Allocation: 12,794,859 PASG
* 9,627,030 PASG claimed
* 3,167,829 PASG unclaimed and currently held in the Community Pool
Total Distributed: 76,060,263 PASG
* 66,433,233 PASG claimed + burned from original airdrop
* 9,627,030 PASG claimed from bonus drop
Unused/Unclaimed Allocation to Burn: 28,939,737 (105,000,000 − 76,060,263)
* Includes 3,167,829 PASG in the community pool (unclaimed bonus)
# Voting
By voting:
* YES, you agree to burn 28,939,737 PASG tokens.
* NO, you disagree in part or in entirety with one or more of the above statements.
* ABSTAIN, you formally decline to vote either for or against the proposal.
* NOWITHVETO, you express that you would like to see depositors penalized by revocation of their proposal deposit, and contribute towards an automatic 1/3 veto threshold.