Proposal #5

BCIP-5: Enable IBC Transfer

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
66.13% / 40.00%

Voting period

Voting ended100.0%
Voting start 2021.10.28 at 14:25:55
Voting end 2021.11.11 at 13:25:55

Vote distribution

100.00%
60 161 828 band
Yes
0%
0 band
No
0%
0 band
Veto
0%
0 band
Abstain

Details

logo
Proposer
-
Total deposit
1 001 band
Submit time
2021.10.28 at 14:23:00
Deposit end time
2021.11.11 at 13:23:00

Description

The proposal enables IBC-Transfer on BandChain. If this proposal passes, IBC Transfer params will be set to true, and the historical_entries param in the staking module will be changed to 10,000 for header verification in IBC connections. BAND holders can transfer their token to our partner chains with IBC-capability and perform activity on those chains with BAND tokens. The ease of transferring enabled by this feature creates more seamless use cases of Band token which raises the value and liquidity of the token.

Votes

Voter
Answer