In the footsteps of Robonomics Town Hall 2022
Robonomics Town Hall 2022 was an event in which the Robonomics project developers tried to test the currently available governance tools for the XRT token holder DAO. Now the project has the ability to poll token holders of XRT on Ethereum, and critically we have a governance management tool in the Polkadot ecosystem.
Moving from Town Hall to the Forum
In the near future, something similar to the ancient forum awaits us, where everyone has the opportunity to share their ideas about improving Robonomics. If your proposal gains support from the XRT token holders, then the execution of your proposal is carried out automatically.
However, it is important not to settle on using the Town Hall as our main form of Governance. Having questions that are prepared by the Robonomics developers to a vote, holding a meeting of XRT holders every 3/6/12 months is not the best option for the development of a Web3 project. As it currently stands, the Robonomics parachain has on-chain governance functionality, and there are no actual barriers stopping anyone in the community from starting governance proceedings (discussion / proposal / referendum). Therefore, by the end of October, instructions for creating proposals and on how to vote will become available, the result of which will directly affect the operation of, at least, the Robonomics parachain.
Snapshot & Polkassembly
It is impossible to influence the already existing Robonomics smart contracts in Ethereum. In the case of the parachain though, it is possible to change the Robonomics program code by voting. This is the main difference between Snapshot and Polkassembly governance platforms.
In addition to requesting changes to how Robonomics works on the Ethereum and Kusama networks, the community can now use Snapshot and Polkassembly to create simple polls that can help draw attention to a particular topic or issue.
Any XRT holder can submit a request to allocate XRT from the Treasury for any activity. There are currently over 370,000 XRT tokens in the Robonomics parachain treasury, of which the community can apply for grants using Polkassembly. Snapshot also has a Treasury mechanism. By the end of October, the developers of the project will agree on the amount of XRT that we will move from the DAO of the core team to the Snapshot treasury.
Therefore, from the beginning of November, similar requests for grants will be available within Ethereum.
As always, any opportunity can turn into a double-edged sword, so we are ready for a little chaos and expect an influx of strange requests for funding (for example, meetups somewhere in Atlantis, at the bottom of the sea).
Why was there no actual vote on the fifth question?
Initially, 5 questions were announced for Town Hall 2022 for discussion, but in fact, only the first four were voted on. In the fifth question, the project developers wanted to draw attention to the presentation of the Smart Home concept based on the Web3 ecosystem of IoT devices. For the Robonomics developers, the issue of producing the Smart Home ecosystem is a special point of discussion this year: we spend a lot of effort on presenting the concept of a Smart Home managed by a decentralized cloud to the community. We will need a little more time to complete the work, so we plan to present what we have planned in November.
And now to the voting results of Robonomics Town Hall 2022
Since the voting went in parallel for the Ethereum and Kusama networks, each of them had its own nuances. On Snapshot, voting on 4 questions was available immediately, from August 28 to October 2, and we provided voting not only for XRT holders, but also for AIR and AIRA ID legacy token holders. On the parachain, voting took place sequentially, in an order, determined by the amount of endorsements received, the highest endorsed vote was pushed to a proposal each period. Voting lasted with a launch period of 7 days. Thus, the community has chosen the following order:
- Vote to Burn 7 Million XRT: from 30.08 to 07.09
- ROS2 Support Grants: from 07.09 to 15.09
- Parachain Gov2 Interest: from 15.09 to 22.09
- Home Assistant Support Grants: from 22.09 to 29.09
Polkadot votes additionally have an execution period of 3 days on our parachain. Thus, the last vote was sent for execution on October 2, coinciding with the end of voting on Snapshot.
To vote on the parachain, holders must place their tokens, which are locked for the voting period. However, it is possible to strengthen your vote by locking tokens for a longer period (i.e. 10 XRT locked for a two-time period will be counted as 20 XRT). For consistency with voting on Snapshot, we decided not to take into account this modifier and count the number of tokens in a “pure” form.
Below are the statistics for all votes.
Vote to Burn 7 Million XRT
| Snapshot (XRT) | Snapshot (AIR) | Snapshot (AIRA ID) | Robonomics Parachain (XRT) | Final results | Turnout versus circulating supply (1,637,942 XRT) | |
|---|---|---|---|---|---|---|
| Yes | 30,238.36 / 99.98% | 0,00 | 12,600.00 / 100% | 208,431.19 / 97.80% | 251,269.55 / 98.17% | 15.34% |
| No | 7.33 / 0.02% | 0,00 | 0,00 / 0% | 4,684.54 / 2.20% | 4,691.87 / 1.83% | 0.29% |
| Total | 30,245.69 | 0,00 | 12,600.00 | 213,115.73 | 255,961.42 | 15.63% |
| Number of voters | 21 | 0 | 2 | 52 | 76 |
Thus, the community voted YES to burn the 7 million XRT locked in the Dutch Auction smart contract.
ROS2 Support Grants
| Snapshot (XRT) | Snapshot (AIR) | Snapshot (AIRA ID) | Robonomics Parachain (XRT) | Final results | Budget of ROS2 Grants (1 yes/no vote XRT = ± 20 grant XRT) | |
|---|---|---|---|---|---|---|
| Yes | 3,211.22 / 100% | 0,00 | 12,600.00 / 100% | 70,232.06 / 100% | 86,043.28 | +4,302.16 |
| No | 0.00 / 0% | 0,00 | 0,00 / 0% | 0.00 / 0% | 0,00 | -0.00 |
| Total | 3,211.22 | 0,00 | 12,600.00 | 70,232.06 | 86,043.28 | 4,302.16 |
| Number of voters | 11 | 0 | 2 | 14 | 27 |
Thus, about 4,300 XRT will be allocated for grants related to the development of ROS2 along with Robonomics.
Home Assistant Support Grants
| Snapshot (XRT) | Snapshot (AIR) | Snapshot (AIRA ID) | Robonomics Parachain (XRT) | Final results | Budget of Hass Grants (1 yes/no vote XRT = ± 20 grant XRT) | |
|---|---|---|---|---|---|---|
| Yes | 5,255.34 / 100% | 0,00 | 12,600.00 / 100% | 1,915.00 / 100% | 19,770.34 | +988.52 |
| No | 0.00 / 0% | 0,00 | 0,00 / 0% | 0.00 / 0% | 0,00 | -0.00 |
| Total | 5,255.34 | 0,00 | 12,600.00 | 1,915.00 | 19,770.34 | 988.52 |
| Number of voters | 10 | 0 | 2 | 6 | 18 |
Thus, about 990 XRT will be allocated for grants related to the development of Home Assistant along with Robonomics.
Parachain Gov2 Interest
| Snapshot (XRT) | Snapshot (AIR) | Snapshot (AIRA ID) | Robonomics Parachain (XRT) | Final results | |
|---|---|---|---|---|---|
| Yes | 6,331.22 | 0,00 | 12,600.00 | 190.000 | 19,121.22 |
| Number of voters | 11 | 0 | 2 | 9 | 22 |
Thus, 22 token holders expressed their interest in participating in Governance 2.0.
Results
We consider Robonomics Town Hall 2022 a success in terms of community interest in project development management. The seven million XRT that have been hanging by the sword of Damocles since 2018 will be burned in 2023. In the coming weeks, the budget for the ROS2 and Home Assistant grants will be allocated and managed by the grant program. Regarding Governance 2.0, as soon as the new governance mechanism is launched in Polkadot and our parachain, we will contact the community and offer to participate in testing it. Stay tuned!