We invite EQ token holders to discuss a strategic shift in Equilibrium's tokenomics. We want to revitalize the protocol and introduce a new token, Q, and a corresponding substitution mechanism for EQ and Q tokens. We would like to discuss the pros and cons of doing so with the community before proceeding to the actual vote. 

Ever since the inception of [Equilibrium](https://equilibrium.io/), our vision has been to establish it as the premier DeFi platform within the Polkadot ecosystem. However, despite our technological advancements and unique offerings, the Polkadot environment prompted a reevaluation. The Polkadot ecosystem's focus on application chains and the growing popularity of Liquid Staking Derivatives has shifted priorities, leading us to propose a project focus shift and a token swap to introduce Q tokens.

We’ve carefully crafted its tokenomics to make sure that we include all interested parties and take into account their interests. This is the most thorough approach we have ever taken to the tokenomics design: months of work, two 3-rd party teams of analysts and model builders, scenario and agent-based modeling - all of this had to be aligned to bring you the Q! Moreover, the team allocation for the Q token is locked and vested for 3 years, signaling to our community our long-term commitment to the protocol and our users. 

The details of the design are provided in the following article: https://medium.com/equilibrium-eosdt/introducing-q-token-and-enhancing-equilibriums-ecosystem-52dbcb7c99f8

**Update:** we propose renewed swap terms after the community call on 29 November 2023
![](https://i.postimg.cc/wMQZjHLN/6.jpg)

Moving forward with Equilibrium. THe new paradigm, the new  token,  the new product. 

Democracy

Schedule a majority-carries referendum to be tabled next once it is legal to schedule
an external referendum.

The dispatch of this call must be `ExternalMajorityOrigin`.

- `proposal_hash`: The preimage hash of the proposal.

Unlike `external_propose`, blacklisting has no effect on this and it may replace a
pre-scheduled `external_propose` call.

Weight: `O(1)`

Make some on-chain remark.

## Complexity
- `O(1)`

Problem Statement:
- Equilibrium wants to discuss a strategic shift in tokenomics and introduce a new token, Q, and a substitution mechanism for EQ and Q tokens.

Significance:
- The Polkadot ecosystem's focus on application chains and the popularity of Liquid Staking Derivatives has prompted Equilibrium to reevaluate its priorities and propose a project focus shift and token swap.

Proposed Solution:
- Equilibrium has carefully designed the tokenomics for the Q token, taking into account the interests of all parties involved. The team allocation for the Q token is locked and vested for 3 years, demonstrating their long-term commitment to the protocol and users.

Expected Outcomes:
- The introduction of the Q token and the token swap is expected to revitalize Equilibrium's protocol and enhance its ecosystem within the Polkadot ecosystem.

#6 Moving forward with Equilibrium. THe new paradigm, the new token, the new product.

No Active Proposals