First I want to apologize for my harsh and bitter words. This change took me off guard and I became unbalanced then I overreacted.
On the first day when the vote started, poopster and Chiel claimed that we will get only 10% fees less then before, nobody corrected them and explained that they will get 50% less from what we get now and this I find missliding.
Some developers see this DAO like a piggy bank. I give them my empathy, they must be living in central London or some other unfortunate place where rent and food on the table is so hard to pay.
I find it very troubling to see vote power going into the hands of few who with this vote first chase away users from investing, accumulate cheap coins, and after 1 year change it back to lure more users. This pump and dump will not make us loyal community.
My portfolio is around 75% Icx, 20% BALN the rest is little bit everything, I invest in Omm 0.01% as their tokenomics did not attract me. With this change Omm will not look more attractive, in fact it will be weaker as less users will use ICON DAOs.
I think the best course of action is to 50% goes to bBALN holders and the other 50% goes to the DAO. This BALANCE also sounds great for marketing. The better bBALN APY is it will generate more users, more users - more fees.
For those who want to sell ICX and BALAN from DAO and invest in BTC and ETC they are giving the whole ICON community the message that they are in the wrong coin.
I agree Balanced needs to have its own liquidity but first it needs to do that with Icon ecosystem pairs, then with each chain we conect do them. All this can be done without taking this drastic step hurting dBALAN holders.
If this vote wins, we die-hard fans, who choose to stay with balan through the next bear market will be punished for being loyal. With this vote approved I will not reinvest in BALN and my dBALAN will slowly melt away making this investition pointless.
If Balance ship stay on this harmful course I ask you all to correct injustice and temporarily allow withdrawal of BALAN funds without penalty. Then I can change the time period to 2 years and sell them at the peak of the bull market with the rest of the rats who will again run away at first sight of a storm.
I beg the Icon team to get involved in decision making, to start making some proposals and put us on the right course.