Proposal 7: Listing PI (Pi Network) on NAO Futures
Description
Nami Exchange aims to provide a safe and open investment space that meets the diverse needs and styles of users with the guiding principle of putting users at the center. NAO Futures product has a strong governance mechanism when developed and operated based on user voting rights. With this spirit, Proposal 7 aims at the decision of NAO holders to vote on listing PI (Pi Network) on NAO Futures from 16:00 21.02.2025 (tentative).
With strong interest from the community recently, Pi Network announced that it will officially launch Open Network on 20.02.2025. This event shows the project’s premise signal in development and has clear steps forward. When officially launching Open Network, PI token is eligible for wider listing on trading platforms, thereby bringing more benefits to investors.
About PI (Pi Network): Pi Network is a blockchain project developed by a team of researchers from Stanford University, enabling users to mine PI tokens for free. Launched in 2019, the project aims to create an ecosystem where digital assets are accessible and user-friendly for everyone, regardless of technical expertise or initial investment capacity.
On the basis of the above information on potential, interest and the platform is the goal of quickly and promptly responding to the wishes and needs of the community, proposal number 7 provides voting information on listing PI token as follows:
Voting mechanism:
1. Voting period: From 17:00 on February 14, 2025, to 17:00 on February 18, 2025 (Vietnam time).
2. Each proposal needs a minimum of 70% of NAO tokens in the Governance Pool to vote to be considered valid.
3. Each proposal needs to reach over 50% Approval of the total number of NAO tokens participating in the vote to be approved and implemented.
4. Each user has only one vote. The decision will be reserved until the voting period ends.
5. The number of NAO users added to the Governance Pool after voting will be automatically updated to the Voting Rate.
Description
Nami Exchange aims to provide a safe and open investment space that meets the diverse needs and styles of users with the guiding principle of putting users at the center. NAO Futures product has a strong governance mechanism when developed and operated based on user voting rights. With this spirit, Proposal 7 aims at the decision of NAO holders to vote on listing PI (Pi Network) on NAO Futures from 16:00 21.02.2025 (tentative).
With strong interest from the community recently, Pi Network announced that it will officially launch Open Network on 20.02.2025. This event shows the project’s premise signal in development and has clear steps forward. When officially launching Open Network, PI token is eligible for wider listing on trading platforms, thereby bringing more benefits to investors.
About PI (Pi Network): Pi Network is a blockchain project developed by a team of researchers from Stanford University, enabling users to mine PI tokens for free. Launched in 2019, the project aims to create an ecosystem where digital assets are accessible and user-friendly for everyone, regardless of technical expertise or initial investment capacity.
On the basis of the above information on potential, interest and the platform is the goal of quickly and promptly responding to the wishes and needs of the community, proposal number 7 provides voting information on listing PI token as follows:
Voting mechanism:
1. Voting period: From 17:00 on February 14, 2025, to 17:00 on February 18, 2025 (Vietnam time).
2. Each proposal needs a minimum of 70% of NAO tokens in the Governance Pool to vote to be considered valid.
3. Each proposal needs to reach over 50% Approval of the total number of NAO tokens participating in the vote to be approved and implemented.
4. Each user has only one vote. The decision will be reserved until the voting period ends.
5. The number of NAO users added to the Governance Pool after voting will be automatically updated to the Voting Rate.