Back in our whitepaper, we stated the 3mm REGEN (wallet address here) would be allocated for “airdrop or work-lock” to ATOM holders. Our intention here has always been to reinforce mutual value with the Cosmos community and fuel the vision of the internet of blockchains. Earlier this year, 200,984 REGEN of this allocation went into an airdrop, but the rest have been reserved in case the community feels there is a better way that these tokens could be used. The space has shifted a lot since 2018 when we had said this, and there now are many other ways of getting tokens out to the community. We want to ensure the Regen community is engaged and these tokens are allocated in the most effective way to create a strong relationship between Regen Ledger as a blockchain dedicated to ecological assets and regeneration, and the Cosmos Hub, and perhaps other emerging chains as well (such as Osmosis).
In conversations with the community—and between RND, Inc. and Regen Foundation—the idea of shifting these tokens into the direct control of REGEN token holder governance feels like a good next step.
RND, Inc. and Regen Foundation both want to ensure we (as a community) are keeping faith with the spirit of the whitepaper in which this allocation was established. Therefore we propose that RND (the current steward of this wallet) makes a transfer over IBC to offer these tokens to the Cosmos Hub Community Pool, and we would add perhaps splitting this with the Osmosis Community Pool as well, in recognition of their support for the Regen LBP and their leadership in the ecosystem.
Once in control of those respective chains, those communities would be welcome to utilize and distribute these assets as determined by their community governance processes. One possible use that would be beneficial to all would be to be distributed as liquidity rewards for ATOM:REGEN and OSMO:REGEN pairs.
Other ideas are welcome that achieve the spirit of the whitepaper’s aspirations to benefit the broader Cosmos ecosystem with this allocation. What avenues might the community consider for these funds?
It should be noted that there are a few design constraints here—one primary one being that running KYC/AML for a massive number of addresses for this allocation isn’t feasible for RND, which is one reason porting this pool to Cosmos Hub and Osmosis is a compelling pathway.
This forum post is to create the space for proposals and discussion regarding how this allocation should be used, with the assumption that RND will be transferring these funds back to the community at which point a network governance vote would determine their ultimate use.