On March 27th, the 1Inch Community Rejects Solidity.io’s Proposal for an NFT Market

03/27/2023 00:23 • Blockchain Buzz • 132 views

On March 27th, the snapshot voting page showed that the 1Inch community rejected the proposal to create an NFT market for the community by Solidity.io with a 68.78% negative vote rate. Some community members stated that there were issues with the format, plan arrangement, and implementation of the proposal, such as the proposal did not add “1IP – #” before the beginning of the proposal title, and the implementation of the plan required cooperation with the 1Inch Foundation, but the statement of the proposal misled the community, The two sides did not reach a cooperation agreement.

“The 1inch community has refused to have Solidity.io create an NFT aggregation market for it, but has passed another similar proposal”

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The 1Inch community rejected a proposal by Solidity.io to create an NFT market for the community, as indicated by the snapshot voting page on March 27th. The negative vote rate was 68.78%, with the majority of voters expressing concerns about the format, plan arrangement, and implementation of the proposal.

Issues with the Proposal

Some community members stated that the proposal did not add “1IP – #” before the beginning of the proposal title, which is a requirement for all proposals submitted to the 1Inch community. This oversight caused confusion and made it difficult for voters to identify the proposal.
Additionally, the implementation of the plan required cooperation with the 1Inch Foundation, but the statement of the proposal misled the community. The proposed plan implied that Solidity.io had already secured the cooperation of the 1Inch Foundation, which was not the case.

Discussion and Analysis

The rejection of Solidity.io’s proposal highlights the importance of transparency and accuracy when submitting proposals to the 1Inch community. It also emphasizes the need for clear communication and collaboration with the 1Inch Foundation when implementing proposals.
Furthermore, the rejection of the proposal reflects the high standards and rigorous evaluation process of the 1Inch community. The community members take their role seriously and are committed to ensuring that proposals are thoroughly vetted and meet the needs and interests of the community.

Conclusion

In conclusion, the rejection of Solidity.io’s proposal to create an NFT market for the 1Inch community highlights the importance of accurate and transparent proposal submissions. It also emphasizes the need for clear communication and collaboration with the 1Inch Foundation when implementing proposals. The 1Inch community remains committed to evaluating proposals thoroughly and upholding the high standards of the community.

FAQs

#What is the 1Inch community?

1Inch is a decentralized exchange aggregator that sources liquidity from various exchanges and swap protocols to provide the best available rates to users.

#What is NFT?

NFT stands for Non-Fungible Tokens, representing a unique digital asset that is verified on the blockchain.

#What is the 1IP – # requirement?

The 1IP – # requirement is a protocol established by the 1Inch community for all proposal submissions. This requirement ensures that proposals are easily identifiable and helps to streamline the evaluation process.

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