ChainX Council Weekly Report: Do You Want to Remove L-BTC Mining?

Chairman on duty: Poggi Luca

1. The parliament decided by voting when S-DOT and L-BTC is canceled (if it will be), to handle the AR proportion of mining incoming to AMO (belongs to mining power of PCX and X-Tokens).
2. The parliament voted about Proposal #12: “Do you want to remove L-BTC mining and put all AR proportion of mining income to AMO?” — 8 positive votes, 3 absentees → Proposal #12 passed and will become referendum for community vote.
3. The parliament voted about Proposal #13: “Do you want the AR jackpot (S-DOT and L-BTC airdrop) not collected to be transferred to the parliamentary fund in the Substrate 2.0 upgrade?” — 1 positive vote, 3 negative votes, 7 absentees → Proposal #13 didn’t pass and will not become referendum for community vote at the moment (need more discussion about it).

Plan of Next Week

1. Re-discussion of Proposal #13
2. Plan to make parliament chat public
3. Discuss the Substrate 2.0 upgrade

If you have better suggestions and ideas on the above matters, please leave a message or contact the council and PolkaX team. You are also welcome to apply to listen to the weekly conference call, please contact the Parliament for details.

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ChainX is the largest Layer-2 network of Bitcoin, based on Substrate, and will evolve into the Polkadot Secondary Relay Chain.