What has been achieved and delivered?
As of the end of March, 2022 GokuMarket announced its plans to restructure from Web2.0 into Web3.0 and become 100% decentralised with governance as a DAO-based DEX and a non-custodial platform.
Second, the DAO was presented with its initial GokuMarketDAO Improvement Proposal (GIP-1) and the voting by governance for the community to support the proposed restructuring took place between April 21st and May 5th, 2022. The result was clear and decisive, with 99.9% of users who voted did so in favour of continuing the restructuring.
What is the road ahead?
Based on the outcome of GIP-1 and the community’s wishes, the scope of work will now commence and take some weeks to complete. The GokuMarket Community is separated into two groups: (1) more than 960,000 exchange users and (2) more than 15,000 active Affiliate Program & pre-launch product users.
First, during the next 1-2 weeks, more than 15,000 users will be migrated to the new Affiliate Marketing partner. More details will be communicated to this user group after the migration has been completed and the users will be able to login to their accounts and purchase both GokuMarket and other tokenized product offerings, earn affiliate rewards, and have the opportunity to continue building their teams. The withdrawals of the funds associated with affiliate program members will be managed by the partner with a reasonable plan to ensure everyone’s capital and committed gains are withdrawable.
Second, during the next 2-4 weeks, more than 960,000 users will be migrated to the Centralised Exchange partner licensed across multiple jurisdictions in Europe & North America. More details will be communicated to the user group after the migration has been completed and the users will be able to login to their accounts and start to use the services offered. The new partner will take responsibility for processing withdrawals and managing funds associated with these users.
Again, we anticipate that the withdrawal issue will see further improvements as soon as the users are taken over with the new partners.
Meanwhile, the team is also actively working on the GokuMarket DEX and preparing for upcoming releases with utilities for GMC (GokuMarket Credit) such as Swap, Liquidity, Farm, Pool and Pledging and DAO based submission of proposals and votings.
We appreciate your support and we look forward to successfully completing the restructuring and preparing for upcoming future GokuMarket DAO proposals and votings.