Chain4Energy

DePIN Energy

Proposal Details

Proposal #4

Passed

Proposal title

Upgrade v1.2.0

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

100.00%

Proposal #4 description

This is a proposal to do a software upgrade to the v1.2.0 software tag of the Chain4Energy blockchain codebase. Together with blockchain the web wallet is upgraded to the version v1.1.6

Blockchain Upgrade Features

This upgrade adds the following features/improvements:

  • Upgrade to Cosmos SDK v0.46.10

  • To show the long term commitment to the project, founders decided to extend the lockup by one year. Tokens will be locked and vested over 4 years.

  • Vesting pools and accounts migration as a preparation to the VC, private and public sale. The previous ValidatorsVestingPool of 80M C4E tokens is divided into different pools tailored to investor profiles. The length of the lockup/vesting and the number of released tokens will depend on the size of the investment.

  • Introduction of cession mechanism to vested account. Giving the possibility to transfer all or part of the tokens to another vesting account. While maintaining the original lockup and vesting. This feature will be used to handover 40M of C4E tokens from the original Strategic Reserve pool to separate account for the SRDP purpose (subjective and objective).

  • Extensive testing campaign including following tests:

    • Functional tests

    • Performance tests

    • Stability tests

    • End2End (manual and automatic)

  • Various bug fixes

Full Change Log

Details of Upgrade

The proposal is for an upgrade in block 2826500 to be held on 12th of April 2023 10:00 UTC. Remember that block times have a lot of variability, so keep an eye on the time. The update is expected to take approximately 15 minutes during which there will be no activity on the network.

Web wallet Upgrade Features

This upgrade adds the following features/improvements:

  • Support of cosmostation chrome extension

  • Bug fixes

  • Cosmos-sdk version v0.46.10 support

Proposal #4 overview

Total votes
79
Voters
76
Total deposit
10,000 C4E