Summary
Citadel.one Foundation proposes to use accrued rewards from DAO Nodes for XCT buyback from Pancakeswap pools and further burn to create positive buying pressure and increase trading volume on existing exchanges.

Background
Citadel.one DAO is successfully running nodes across multiple networks including The Graph, Injective, Cosmos, Secret and so on. All validator nodes receive a portion of staking rewards depending on commission fee set in each network. Citadel.one nodes standard commission fee ranges from 3% to 5%. In accordance with our tokenomics, half of that revenue goes to the community pool and can be voted to increase the value of XCT token by utilizing a burn function or to drop XCT to it’s stakers.

Motivation
Citadel.one Validator Universe is an integral part of Citadel.one DAO making XCT token that powers it a securitized asset, whose value is partially based on the revenue stream Citadel.one is generating from its nodes. XCT holders and stakers must benefit from community driven node ownership, thus XCT buyback and burn is the best solution and use case at this stage of development.

Specification
To the moment of this proposal Citadel.one is counting 21 nodes in mainnets. All their addresses and balances are public and can be viewed in explorers. From the moment of DAO launch all those addresses were nullified, meaning that current balances are fully DAO community owned.

List of addresses:

• Akash - akashvaloper1a4zxtnu9k0zpl6p5hmduc5zz7xrm2dz8vm2ey8
• Band - bandvaloper10grrhfawl98ypn5x25zmqcp8f20eg9sw56v3e0
• Cosmos - cosmosvaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qxerarrl
• Graph - 0x8d632dfc2454d624910fe982e85a5b15d2ae93c5
• ICON - hx3aa778e1f00c77d3490e9e625f1f83ed26f90133
• Injective - injvaloper1hsxaln75wjs033t3spd8a0gawl4jvxawn6v849
• IOST - citadeldao
• IRIS - iva12f8cfz4qqtk3qxym94xme5qyqjl3gpw0hv2hs0
• Juno - junovaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qx4cuznf
• Kava - kavavaloper17u9s2fx5htqdsuk78hkfskw9s5g06tzqyl2m8j
• KiChain - kivaloper1umjuwrcn0vdx6w7nxaemv9s6ds0w860k5nrfyr
• Oasis - oasis1qzu358mpd4z5frmrq6vnwq87cqfvdmfxh5ax57cj
• Osmosis - osmovaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qxwmj9we
• Persistence - persistencevaloper1tv288tg8fa0a53742949m4swph0x2mfg7jsc22
• Secret - secretvaloper1x76f2c2cuwa4e3lttjgqeqva0725ftmqvgvfnv
• StaFi - 33vpeihzksu2HGtYqjNB9aZbrbwfqNsUC4ZAbMMGmKsXtgPo
• Sentinel - sentvaloper1wmeez9g4tepgfnt66989tf4j2zzfwckfhgy0gh
• Sifchain - sifvaloper1nh90hjeljehpcmuvu3ldw59842kvhgn286nv8k
• Tezos - tz1fUyqYH7H4pRHN1roWY17giXhy1RvxjgUV
• Wanchain - ​​0xa49a146ddf3c4529fd9bb993e6fed9311588a418

Listed nodes currently have over $200M USD total value staked and over $600,000 accrued in rewards from commissions, half of which is going to community fund and is currently proposed to be used for XCT buyback and burn.

In case of positive feedback, buyout and burn events will be happening in multiple batches in the period from 15.11.21 to 31.12.21.

In order to avoid front-running Citadel.one DAO Foundation will not disclose buyout exact time, however Citadel.one will release a detailed report after the process is completed.

NOTE: This is a soft proposal and will only be discussed on the forum without going on-chain. Our development roadmap is very busy with all the product releases coming till the end of the year. There is no room to integrate a full-scale governance tool into the Citadel.one platform till that time. Once DAO functionality is released, this sort of proposals will be decided on-chain.

Summary
Citadel.one Foundation proposes to include $OSMO staking to XCT incentivized program.

Background
Citadel.one DAO is currently incentivizing C1 platform and node users and participants of 8 networks: Cosmos (ATOM), Secret (SCRT), Akash (AKT), Kava, Band, Tezos (XTZ), IOST and ICON (ICX).
Osmosis has recently been integrated into Citadel.one platform, bringing an opportunity to attract more delegators to the C1 node and more new users to the C1 platform.

Motivation
Since the launch of the XCT Incentive program for the networks listed above, TVL on Citadel.one nodes has shown a significant uprise. We expect that adding Osmo stakers to the XCT Incentive will attract lots of new users and delegators to the Citadel.one project, thus increasing the number of XCT holders and supporters.

Specification
In case of the successful outcome of this proposal, OSMO stakers will be included in the XCT Incentive program. The inflation parameters won’t be changed, instead, the rewards stream for staking other assets will be broken down into 9 streams.

Proposal discussion period: 29.12.2021 - 12.01.2022

NOTE: This is a soft proposal and will only be discussed on the forum without going on-chain. Our development roadmap is very busy with all the product releases. There is no room to integrate a full-scale governance tool into the Citadel.one platform just yet. Once DAO functionality is released, proposals of this kind will be decided on-chain.

UPDATE FROM 13.01.2022:
Due to positive feedback $OSMO Staking XCT Incentive proposal has been passed. XCT Incentive for OSMO staker launch date to be announced soon!

Summary
Citadel.one Foundation proposes including all integrated (both current and future) networks to the XCT reward incentive program until on-chain governance is implemented.

Background
$JUNO and $COMDEX networks have been added to the Citadel.one platform recently, but are not eligible for the $XCT rewards program yet. With $DVPN, $HUAHUA, $XPRT, $STARS, $INJ, $UMEE, and hopefully $EVMOS coming this month, Citadel.one is finally scaling fast.
Considering XCT governance integration is still in development and may take up to 2 months to implement, we believe that it would be more productive to automatically expand the XCT reward program on all newly integrated networks until then.

Motivation
Since the launch of the XCT Incentive program for the networks listed above, TVL on Citadel.one nodes has shown a significant uprise. We believe that adding more networks to the XCT rewards program will bring value to our users and encourage people to delegate even more on our nodes.

Specification
In case of the successful outcome of this proposal, $JUNO, $CMDX as well as all stakers of newly integrated networks will be included in the XCT Incentive program. The inflation parameters won’t be changed, instead, the rewards stream for staking other assets will be broken down into as many streams as the number of integrated to Citadel.one networks​​.

Proposal discussion period: 08.02.2021 - 22.02.2022

NOTE: This is a soft proposal and will only be discussed on the forum without going on-chain. Our development roadmap is very busy with all the product releases. There is no room to integrate a full-scale governance tool into the Citadel.one platform just yet. Once DAO functionality is released, proposals of this kind will be decided on-chain.

Summary
Citadel.one Foundation proposes to burn 5mln XCT (8% from circulating supply) accrued from periodical buy backs.

Background
Citadel.one Validator Service is expanding. Currently there are over 40 validator nodes running in different networks. Being the main Citadel.one’s revenue stream, validator nodes collect a fixed % of commission fees from staking rewards. Half of all accrued tokens are used for XCT token buy back. At the moment of writing of this proposal Citadel.one Foundation has bought back 5,000,000 XCT.

Motivation
XCT burning reduces the token supply making XCT a deflationary token in accordance to its whitepaper.

Specification
XCT buyback treasury:
https://bscscan.com/token/0xe8670901E86818745b28C8b30B17986958fCe8Cc?a=0x82034c003f7a04f0ea9158f64a42c99e809407f5
Previous XCT burning transactions:
July, 19 –
https://bscscan.com/tx/0x324b971b1a5f50a84abe14dabde13ae81f8d1d4f67720172e027e3b38fea9ddd
May, 13 –
https://bscscan.com/tx/0xbe22fe6aa26731c2d3efe9c8299f5b9acba63bd63c21d8a379d8ae383f0c079f
April, 1 –
https://bscscan.com/tx/0xabd01df5095e38137db90a8e28bd26d8838cac1665eb75728f1737516bc25fef

Forum discussion will be concluded on Oct. 20 and will be submitted on-chain right after.

Dear C1 community!
With the first month of a new year behind us, we are happy to share our latest progress and plans.

XCT buyback
Considering multiple community requests we’ve decided to share the intermediate XCT buyback details.
First off-chain proposal to buy back and burn XCT using accumulated commissions from nodes was successfully passed in November. You can learn more about the proposal and nodes’ that were used for buy back here: https://forum.citadel.one/topic/16/xct-buyback-and-burn-off-chain-proposal-1

XCT buy back aims to create positive buying pressure and increase the trading volume on existing exchanges.
Initially, we were planning to conduct the buyback and burn from November 15 to January 31, however, following the recent crypto market conditions Citadel.one team decided to adjust the terms and thus the amounts for buy back.
More info on initial terms of the proposal can be found from the infographics below.

And here are the updated details of the ongoing buyback process.

A little over 13% of the available XCT supply has been taken off the market in just 2 months, making XCT one of the most deflationary assets in the crypto space.
It also proves the concept of the XCT with a securitized cash flow model, where XCT value is based on the basket of broader crypto assets.
With an XCT staked ratio of 64,68%, we want to thank you all for your support and trust.

Integrations
Earlier in December Citadel.one introduced the first extensions - Uniswap and Pancakeswap. Now users can trade ERC20 and BEP20 tokens using one interface.

More details in this article:
https://medium.com/citadel-one/meet-citadel-one-extensions-uniswap-pancakeswap-and-osmosis-5979dddd4de7

Following Osmosis in December, Juno and Comdex have been integrated into Citadel.one recently and soon will be eligible for the XCT rewards program, so in case you've missed it go and stake your JUNO and CMDX on Citadel.one and wait for further announcements!

In this article you can learn more about features that Citadel.one brings to Juno and Comdex users:
https://medium.com/citadel-one/citadel-one-feature-overview-comdex-f3438c20c47a

Long-awaited Metamask Support has been added earlier, too. Now users can connect their Ethereum and BSC addresses without manually inputting a seedphrase or a private key.

Meanwhile, the team is working hard to deliver its promises and vision.

Our upcoming releases include:
Mobile wallet 2.0 - completely redesigned and fully synchronized with C1 web;
Citadel.one Browser Extension - your favorite app for Web3 wallet lovers.

Extensions in pipeline:
OSMO Swap and LP - will bring an even better experience and utility to the platform;
COSMOS & OSMO governance - finally, you will be able to vote for proposals on the networks you love;
NFT extension - we are excited to announce the most popular NFT marketplace (OpenSea) is added to our integration roadmap and will be accessible from our platform so you can enjoy your NTFs' collection or trade them;
PStake - following our partnership with Persistence, we are planning to introduce pSTAKE, a liquid staking solution that unlocks the true potential of staked PoS assets (e.g. ATOM). PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTOKENs (e.g. pATOM).

Networks to be integrated: Sentinel ($DVPN), Persistence ($XRPT), Stargaze ($STARS), Chihuahua ($HUAHUA), UMEE ($UMEE), Evmos ($EVMOS)

As a last note, we want to remind you that price does not always reflect the value, especially during the tough market conditions. We will continue building in order to deliver the best crypto experience for our users. Please, stay tuned with our official channels as we are planning to expand the utility of XCT, introducing more use-cases and features.

Yours,
C1 team

@dupre will add customable fees in the future

After receiving some enquiries regarding Citadel.one's voting "Yes" on current proposal, we decided to start this topic and collect all considerations for and against proposal #120.

Based on the community feedback Citadel.one might change it's vote from "Yes" to "Abstain" or "No".

Here's Citadel.one's official position and reasons on why we voted "Yes":

"First and foremost establishing a separate structure responsible for ION seems logical while governing ION through OSMO does not. There are fewer ION holders than OSMO holders, thus ION shouldn't be governed by users who don’t hold ION.

Another thing is that this is just a Signaling proposal. It doesn’t enforce any transactions or transfers of funds. Our vote in favour means that we support the creation of ION DAO and that’s it.

Once the DAO is established and we see their development plan, I guess there will be another proposal. Based on their plan we will decide how we vote further."

Here are reasons for a "No" vote based on community feedback gathered by osmosis community members and Citadel.one delegators:

"-This proposal is very vague, and although it is a signally proposal it asks to “pre-commit” the ≈ 16k ION/$200M+ from the Osmosis community pool to a not yet created ION DAO. OSMO holders feel the OCP owns the ION & is a native osmosis token at the moment. Some feel we could also help develop use case, some feel we need reciprocation if we are giving away those funds.

-they argue the ION was always meant for a separate DAO & that’s what prop 32 meant, but there was no mention of that in the governance proposal that was voted on. A pattern of vagueness that is not good for governance and is creating these problems. There has been no community consensus or true discussion around this commitment. The larger community is against it until further discussion, but the dev team & a few validators hold enough voting power to outweigh a larger number of people. People feel decentralization in osmosis has gone away as validators blindly vote YES with any idea coming from Osmosis's team members. Especially when osmosis has low individual voting turnout.

-there is no alignment of incentives that ensures ION will work towards value accrual for Osmosis after giving these funds to the DAO. There’s talk of eventual making ION it’s own chain which weakens trust of ION bringing lasting value to Osmosis. Stats show ION whales aren’t usually OSMO holders, so this looks like whales looking to position themselves for all the benefit. There needs to be an agreement and a way to align incentives for both sides before the OCP gives away funds to a separate DAO. There needs to be transparency with the community about that eventual plan and possibility of a separate ION chain instead of hiding it behind short term hype.

-some people feel this is a large money grab by a small few. They are saying “trust us” but won’t verify even in a crypto world.

-NO does not mean NO forever to the ION DAO. It is a YES to further discussion with the community."

We are opening this topic and a Telegram poll for ONLY Citadel.one delegators to express their views regarding the situation. The proposal ends in about 1 day from now, so the poll will be active for the next 24 hours.

Cast your vote here: https://t.me/citadelofficial/53231

Summary
Citadel.one Foundation proposes to use part of accrued rewards from DAO Nodes for XCT buyback from Pancakeswap pools.

Background
XCT buy back and burn have proven the effectiveness in the period of highly volatile market conditions. In the past months Foundation has made several buy back and burn transactions (links). We propose to continue using accrued rewards from validator commissions for XCT buybacks.

Motivation
XCT holders and stakers must benefit from community driven node ownership, thus XCT buyback and burn is the best solution and use case at this stage of development.

Specification
At the moment of this proposal Citadel.one is counting 42 nodes in mainnets. All their addresses and balances are public and can be viewed in explorers.
List of addresses:
Akash – akashvaloper1a4zxtnu9k0zpl6p5hmduc5zz7xrm2dz8vm2ey8
AssetMantle – mantlevaloper1y4ycv888ja5ya8qtw8mqe2l0fvt9amlfj9068h
Axelar – axelarvaloper17q4fqv86dxkes384tnmrvjr9ljp2slunr6k00w
Band – bandvaloper10grrhfawl98ypn5x25zmqcp8f20eg9sw56v3e0
Bitsong – bitsongvaloper1knmj6ve4p4e2rl3wpj0rk9dswacr2swn75sc7a
Cerberus – cerberusvaloper16rzknyz8xwcvt5eaw7g0kh0fv2rsa4naeqmugz
Chihuahua – chihuahuavaloper1rgtfvfwx6kpf2vppur8l5g4y2c4acj74xzw6af
Comdex – comdexvaloper1glgnuuckrkcvl90uk0ute8h0y4gdp5u8s0ahnt
Cosmos – cosmosvaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qxerarrl
Crescent – crevaloper1fdvy6rl6yz44hagtmah25g4vvxd76gh5t8mu8e
Cyber – bostromvaloper1argjwgcplguenq4l92ggn06wadnfrz0eq6yysn
e-Money – emoneyvaloper19aas63km0rq96dtuuvjkn76nyyj67qre477gt3
Evmos – evmosvaloper1p5k54qk9jdamvw4r756g7dxsjarf6p0l3huk84
Fetch.ai – fetchvaloper169hpfaau6ey8avzr6dk30f2y6j3gv8x5ds9657
The Graph – 0x8d632dfc2454d624910fe982e85a5b15d2ae93c5
G-bridge – gravityvaloper1nyj09trs40txcmemjsqy2l8f0lkga93esgtw02
ICON – hx3aa778e1f00c77d3490e9e625f1f83ed26f90133
Injective – injvaloper1hsxaln75wjs033t3spd8a0gawl4jvxawn6v849
IOST – citadeldao
IRIS – iva12f8cfz4qqtk3qxym94xme5qyqjl3gpw0hv2hs0
Juno – junovaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qx4cuznf
Kava – kavavaloper17u9s2fx5htqdsuk78hkfskw9s5g06tzqyl2m8j
KiChain – kivaloper1umjuwrcn0vdx6w7nxaemv9s6ds0w860k5nrfyr
Konstellation – darcvaloper1yu5nqdp8pdtz9q9n6h2wt6h5vsk9qhhsq92xn3
Lum – lumvaloper1vujcasxr8nh77yv20dw4lgdkkrkk7krvss8xhh
Oasis – oasis1qzu358mpd4z5frmrq6vnwq87cqfvdmfxh5ax57cj
Osmosis – osmovaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qxwmj9we
Persistence – persistencevaloper1tv288tg8fa0a53742949m4swph0x2mfg7jsc22
Regen – regenvaloper15t7cmpmlgzllvs2wv4zly3lhsd0yd02ktppmsm
Rizon – rizonvaloper1t7g0jeqhh46jkpyhfjnwsa2fr35k4zjrp35dzc
Secret – secretvaloper1x76f2c2cuwa4e3lttjgqeqva0725ftmqvgvfnv
StaFi – 33vpeihzksu2HGtYqjNB9aZbrbwfqNsUC4ZAbMMGmKsXtgPo
Stargaze – starsvaloper1qv2tdjma7dcg6jmgawwd0aajjcx89rqca0cqgr
Starname – starvaloper1y0w5qhdf6aj90u7knykdetqus4nc2axgkrt8vn
Sentinel – sentvaloper1wmeez9g4tepgfnt66989tf4j2zzfwckfhgy0gh
Sifchain – sifvaloper1nh90hjeljehpcmuvu3ldw59842kvhgn286nv8k
Stride – stridevaloper1md2j38ls8hg94vjfafu0a2p9htwlkjmhux9e4v
Tezos – tz1fUyqYH7H4pRHN1roWY17giXhy1RvxjgUV
Umee – umeevaloper148lf9ndu40fmy44ku74v65lqp8mwqej9nz0s54
Wanchain – 0xa49a146ddf3c4529fd9bb993e6fed9311588a418

More detailed information about Citadel.one nodes and XCT token can be found here and here.

Forum discussion will be concluded on Oct. 20 and will be submitted on-chain right after.
In case on-chain tx passes if so, buyout and burn events will be happening in multiple batches.
In order to avoid front-running Citadel.one DAO Foundation will not disclose buyout exact time, however Citadel.one will release a report after the process is completed.

Summary
Citadel.one Foundation proposes to reduce XCT inflation from current 7.5% to 2%.

Background and Motivation
Recent market events have resulted in less network activity across Cosmos and other blockchain ecosystems. To ease the XCT selling pressure Citadel.one Foundation proposes to reduce the inflation to 2%. Adapting the token emission relative to the overall network activity slowdown will also allow Foundation to invest more into product development.

Specification
In case the proposal passes, the inflation will be reduced to 2% annually, which corresponds to ~10,000,000 XCT. Rewards ratio for XCT staking and XCT incentive for staking with Citadel.one Nodes will remain the same at 60/40 respectively.

Discussions on increasing the XCT inflation will be resumed and considered as soon as the market situation becomes more favorable.

Summary
Citadel.one Foundation proposes to reduce XCT inflation from current 7.5% to 2%.

Background and Motivation
Recent market events have resulted in less network activity across Cosmos and other blockchain ecosystems. To ease the XCT selling pressure Citadel.one Foundation proposes to reduce the inflation to 2%. Adapting the token emission relative to the overall network activity slowdown will also allow Foundation to invest more into product development.

Specification
In case the proposal passes, the inflation will be reduced to 2% annually, which corresponds to ~10,000,000 XCT. Rewards ratio for XCT staking and XCT incentive for staking with Citadel.one Nodes will remain the same at 60/40 respectively.

Discussions on increasing the XCT inflation will be resumed and considered as soon as the market situation becomes more favorable.

Summary
Citadel.one Foundation proposes to use part of accrued rewards from DAO Nodes for XCT buyback from Pancakeswap pools.

Background
XCT buy back and burn have proven the effectiveness in the period of highly volatile market conditions. In the past months Foundation has made several buy back and burn transactions (links). We propose to continue using accrued rewards from validator commissions for XCT buybacks.

Motivation
XCT holders and stakers must benefit from community driven node ownership, thus XCT buyback and burn is the best solution and use case at this stage of development.

Specification
At the moment of this proposal Citadel.one is counting 42 nodes in mainnets. All their addresses and balances are public and can be viewed in explorers.
List of addresses:
Akash – akashvaloper1a4zxtnu9k0zpl6p5hmduc5zz7xrm2dz8vm2ey8
AssetMantle – mantlevaloper1y4ycv888ja5ya8qtw8mqe2l0fvt9amlfj9068h
Axelar – axelarvaloper17q4fqv86dxkes384tnmrvjr9ljp2slunr6k00w
Band – bandvaloper10grrhfawl98ypn5x25zmqcp8f20eg9sw56v3e0
Bitsong – bitsongvaloper1knmj6ve4p4e2rl3wpj0rk9dswacr2swn75sc7a
Cerberus – cerberusvaloper16rzknyz8xwcvt5eaw7g0kh0fv2rsa4naeqmugz
Chihuahua – chihuahuavaloper1rgtfvfwx6kpf2vppur8l5g4y2c4acj74xzw6af
Comdex – comdexvaloper1glgnuuckrkcvl90uk0ute8h0y4gdp5u8s0ahnt
Cosmos – cosmosvaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qxerarrl
Crescent – crevaloper1fdvy6rl6yz44hagtmah25g4vvxd76gh5t8mu8e
Cyber – bostromvaloper1argjwgcplguenq4l92ggn06wadnfrz0eq6yysn
e-Money – emoneyvaloper19aas63km0rq96dtuuvjkn76nyyj67qre477gt3
Evmos – evmosvaloper1p5k54qk9jdamvw4r756g7dxsjarf6p0l3huk84
Fetch.ai – fetchvaloper169hpfaau6ey8avzr6dk30f2y6j3gv8x5ds9657
The Graph – 0x8d632dfc2454d624910fe982e85a5b15d2ae93c5
G-bridge – gravityvaloper1nyj09trs40txcmemjsqy2l8f0lkga93esgtw02
ICON – hx3aa778e1f00c77d3490e9e625f1f83ed26f90133
Injective – injvaloper1hsxaln75wjs033t3spd8a0gawl4jvxawn6v849
IOST – citadeldao
IRIS – iva12f8cfz4qqtk3qxym94xme5qyqjl3gpw0hv2hs0
Juno – junovaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qx4cuznf
Kava – kavavaloper17u9s2fx5htqdsuk78hkfskw9s5g06tzqyl2m8j
KiChain – kivaloper1umjuwrcn0vdx6w7nxaemv9s6ds0w860k5nrfyr
Konstellation – darcvaloper1yu5nqdp8pdtz9q9n6h2wt6h5vsk9qhhsq92xn3
Lum – lumvaloper1vujcasxr8nh77yv20dw4lgdkkrkk7krvss8xhh
Oasis – oasis1qzu358mpd4z5frmrq6vnwq87cqfvdmfxh5ax57cj
Osmosis – osmovaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qxwmj9we
Persistence – persistencevaloper1tv288tg8fa0a53742949m4swph0x2mfg7jsc22
Regen – regenvaloper15t7cmpmlgzllvs2wv4zly3lhsd0yd02ktppmsm
Rizon – rizonvaloper1t7g0jeqhh46jkpyhfjnwsa2fr35k4zjrp35dzc
Secret – secretvaloper1x76f2c2cuwa4e3lttjgqeqva0725ftmqvgvfnv
StaFi – 33vpeihzksu2HGtYqjNB9aZbrbwfqNsUC4ZAbMMGmKsXtgPo
Stargaze – starsvaloper1qv2tdjma7dcg6jmgawwd0aajjcx89rqca0cqgr
Starname – starvaloper1y0w5qhdf6aj90u7knykdetqus4nc2axgkrt8vn
Sentinel – sentvaloper1wmeez9g4tepgfnt66989tf4j2zzfwckfhgy0gh
Sifchain – sifvaloper1nh90hjeljehpcmuvu3ldw59842kvhgn286nv8k
Stride – stridevaloper1md2j38ls8hg94vjfafu0a2p9htwlkjmhux9e4v
Tezos – tz1fUyqYH7H4pRHN1roWY17giXhy1RvxjgUV
Umee – umeevaloper148lf9ndu40fmy44ku74v65lqp8mwqej9nz0s54
Wanchain – 0xa49a146ddf3c4529fd9bb993e6fed9311588a418

More detailed information about Citadel.one nodes and XCT token can be found here and here.

Forum discussion will be concluded on Oct. 20 and will be submitted on-chain right after.
In case on-chain tx passes if so, buyout and burn events will be happening in multiple batches.
In order to avoid front-running Citadel.one DAO Foundation will not disclose buyout exact time, however Citadel.one will release a report after the process is completed.

Summary
Citadel.one Foundation proposes to burn 5mln XCT (8% from circulating supply) accrued from periodical buy backs.

Background
Citadel.one Validator Service is expanding. Currently there are over 40 validator nodes running in different networks. Being the main Citadel.one’s revenue stream, validator nodes collect a fixed % of commission fees from staking rewards. Half of all accrued tokens are used for XCT token buy back. At the moment of writing of this proposal Citadel.one Foundation has bought back 5,000,000 XCT.

Motivation
XCT burning reduces the token supply making XCT a deflationary token in accordance to its whitepaper.

Specification
XCT buyback treasury:
https://bscscan.com/token/0xe8670901E86818745b28C8b30B17986958fCe8Cc?a=0x82034c003f7a04f0ea9158f64a42c99e809407f5
Previous XCT burning transactions:
July, 19 –
https://bscscan.com/tx/0x324b971b1a5f50a84abe14dabde13ae81f8d1d4f67720172e027e3b38fea9ddd
May, 13 –
https://bscscan.com/tx/0xbe22fe6aa26731c2d3efe9c8299f5b9acba63bd63c21d8a379d8ae383f0c079f
April, 1 –
https://bscscan.com/tx/0xabd01df5095e38137db90a8e28bd26d8838cac1665eb75728f1737516bc25fef

Forum discussion will be concluded on Oct. 20 and will be submitted on-chain right after.

Interesting requests.

1. Keplr.Metamask only sign up (without email) is coming pretty soon, may be early September
2. As for setting a custom node, tbh we were considering cloud nodes and such but decided to move in a slightly different direction. Citadel.one is more general-user-centric now, meaning that such functionality wouldn't be in a great demand. However, once our SDK is ready and Dev Center is up and running, this option can be considered, especially if there's a demand from advanced C1 users.
   Would love to hear from others too!

2FA with mobile phone is technically possible and this has been already discussed once somewhere in the chat. However, such functionality will require a lot of time and work, and is not currently in our priority, so we will keep it in mind, but without strong user demand I would't expect it any time soon.

Hi Felix. Thanks for your proposals. We discussed them with the team. The idea to create all addresses and then hide/show them on the frontend (sidebar) is an interesting idea. Added it to our waitlist.

Hello @atreyuu! Thanks for submitting a proposal on the forum.
While I think we can consider changing the restake amount for some networks, we believe that 0.01 is a bit too low. Here are the reasons:

1. First of all we will spam the network with numerous and numerous transactions that will be happening every block.

Imagine users with big stakes, that accrue 0.01 each block, so the platform will be initiating transactions for one user every 7-12 seconds. Imagine same for hundreds or thousands of users.

2. Another reason is that no matter the restake amount, the transaction fee is always +- the same. With such an amount of restake transactions we will be paying a lot of commissions (Citadel.one is paying all transactions on behalf of users no matter what validator they are staking with).

We would suggest waiting a month or so, collect data on the restake app usage and then decide on each network specifically. Also, let's see the feedback and thoughts of other members and continue the discussion then.

Hey @similiken, that's right the issue was fixed. The staking problem appeared for those accounts that voted on the first governance proposal.
Yesterday we relaunched it and the issue was automatically resolved.
Sorry for the inconvenience!

@sayhey
We have made the designs for the future Tax Report Extension already, but the actual development might take a significant amount of time because Citadel.one supports many kinds of transactions, including bridges, LP, swaps and so on.

Hello, Danton!
Thanks for your proposal. For now we don't have plans to add XCT incentive for superfluid staked OSMO with our Validator. We might consider this option in the future.