InterLink Community Update: DAO Voting Now Decides the vITLG → ITL Staking Ratio 🚨🗳️
Proposals #16 and #17 are now live for DAO voting, and the community will decide the vITLG → ITL conversion ratio, plus related locking, vesting, and recovery/burning mechanics. 🗳️📊
Why it matters 🌟
InterLink is building a human-first blockchain based on Proof of Personhood (PoP), where only verified real users — called Human Nodes — participate. The ecosystem uses a dual-token model:
- ITLG: governance and utility token earned through verification, activity, referrals, and contributions 🪙
- ITL: utility and reward token used for network operations, payments, dApp use, and staking ⚙️💳
Key points 🔍
- Verified ITLG and regular ITLG are the same token, with conversion happening in phases on mainnet 🔐
- Staking does not remove tokens from your wallet; it gives extra rights, rewards, and ecosystem benefits 📍
- The core team holds zero mainnet tokens and will not sell to VCs or speculative partners 🚫
- The Foundation may sponsor developers building useful dApps and tools 🛠️
Proposal focus 📌
- Proposal #16: sets the vITLG → ITL conversion framework 📈
- Proposal #17: improves the recovery and burning mechanism, including ideas like cumulative mining and fairer recovery tickets 🔄
Design goal 🛡️
Longer lock or vesting periods generally give better conversion ratios, rewarding commitment and discouraging speculation. The system is meant to support:
- fairness ⚖️
- sustainability 🌱
- long-term growth 🚀
- protection against manipulation and bots 🤖🚫
How to participate ✋
- Verify as a Human Node in the app 📱
- Hold verified ITLG
- Vote on Proposals #16 and #17
- Choose the lock/vesting option that matches your view 🗳️
Overall message 💬
InterLink wants a network run by real humans, with limited early supply, community governance, and real utility over hype. The community now decides the rules for staking, conversion, and incentives. 🌐💪
#InterLink #ITLG #ITL #DAO #HumanNetwork #ProofOfPersonhood #InterLink #InterLink #❤️Love You ज़िंदगी ❤️
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