Gov. Proposal 7

DAO proposal # 7

Proposal for GATA DAO to start validation operations on Cosmos

-With the intrachain security (ICS) coming on the Cosmos hub first and to the other chains built on Cosmos SDK. The need for the GATA DAO's cosmos hub validator to remain relevant in the Validator network is increasing.

-We are still in partnership discussion to get major Atom delegations that we might need to get into the active validator set (~40K $Atom), but as the snapshot campaign has been proven good for EVMOS and JUNO validator we want to take advantage of the campaign which is ending in ~6 weeks.

1. Yes

2. No

The Team is seeking $5K or equivalent from DAO treasury in case the proposal passes in favor of running cosmos validator.

Voting Basics -Voting will be on-chain by magic transaction so everyone can participate with confidentiality. (Stargaze chain to be used for the purpose) -To vote you need to do a magic transaction of 0.01 $Stars in the given address using Keplr. Along with your desired option in Memo field. For example :

if you want to vote for YES, write 1 in the memo. If you want to vote NO write 2 in memo. Address : stars1eewzan3pa6ta7jr83sqzujsgnaupkfs67e0ew3

-Transaction must be sent from $GATA-c/$GATA-v holding account. One transaction per account. Vote weighs as much GATA in an account. If an account has 10 GATA you have 10 votes.

Voting Starts 15:30 UTC July 26, 2022- Voting Ends 15:30 UTC July 28, 2022