Back to collectionXIP-1 Opens the Fight Over Votes and New Supply
The meeting had just laid out a phased route to a DAO, but there was still no agreement on who could vote or where its resources would come from. Early investor Citizen X submitted the first improvement proposal, XIP-1. The DAO had moved from a phased goal described at a meeting to a proposal whose terms could be challenged one by one.
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The meeting had just laid out a phased route to a DAO, but there was still no agreement on who could vote or where its resources would come from. Community members began connecting the governance plan discussed on stage to the XAI and esXAI they held.
Early investor Citizen X submitted the first improvement proposal, XIP-1. It called for establishing a DAO, giving voting rights to both XAI and esXAI holders, and minting another 100 million tokens for the ecosystem. Debate broke out that evening. Some feared the 100 million tokens would ultimately put selling pressure on existing holders; others insisted that only holders of locked esXAI should have a vote. XAI reached $0.135, but the price did not settle the argument.
The DAO had moved from a phased goal described at a meeting to a proposal whose terms could be challenged one by one. New supply and voting eligibility were now tied together in the debate, and each side needed to explain what participants would bear and receive. XIP-1 had not gone to a vote; the calculation of voting power and the allocation of ecosystem tokens still needed definition.