Confirmation by CCN to agree to Unity Prop
Details
Description
This proposal signals that a neutral Third Party Auditor, who confirms the identities of CCN clients via standard KYC systems, confirms the proper amount of JUNO for distribution to each address, and confirms the proper wallet addresses for distribution would be sufficient basis to approve fund withdrawals from the Smart Contract as specified in the Unity Prop.
CCN is currently reviewing possible Auditors which can validate that distributions of JUNO only go to valid CCN clients, who are real people, who are in full control of their wallets, of the proper amount based on their investment.
This neutral and independent Audit will help the community confirm that CCN clients are real individuals and ensures that funds only go to real people (and not fake wallets owned by CCN).
CCN Seeks early community sentiment on whether this effort will be acceptable prior to contracting an external Auditing Team.
A vote for Yes means that you agree to proceed with distribution to the CCN clients’ addresses if they are substantiated through a neutral third-party audit.
A vote for No means that you disagree to proceed with distribution to the CCN clients’ addresses even if it is substantiated through a neutral third-party audit.
The third-party (institution) will clarify as follows:
- Confirm which CCN clients had paid for CCN service by February 18, 2021
- Clarify the number of JUNO that each client can receive
- Ensure the client passes KYC
- Ensure the client has control of the receiving wallet address
The process after the lock will be as follows:
- Create a smart contract based on CosmWasm merkle-drop, modified to handle native tokens
- Import all the addresses that passed KYC in the smart contract
- Send funds from unity contract to new one
- Allocate tokens proportionally, let CCN clients withdraw independently from CCN
Votes