Back to collectionThirty Million Votes Agree; Execution Remains Open
Background: XIP-1's seven-day voting period ended. Today: XIP-1 passed with 30,001,417 votes in favor and none against. Impact and next steps: Supporters saw buybacks, AI, and the US market as a route to recovery.
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Background: XIP-1's seven-day voting period ended. Some voters had previously seen their voting power displayed as zero, while others questioned the weight of large holders. The Night Watchman, a longtime community member, had said he would vote yes; Sisyphus had abstained. With the result in, the argument shifted to what passage would mean.
Today: XIP-1 passed with 30,001,417 votes in favor and none against. It allocated 25 million XAI to Genesis participants, 25 million to Raijin rewards, and 100 million to ecosystem growth, alongside an XAI buyback plan. It also approved an expansion into AI, a permissioned gas scheme, entry into the US market, and the use of Agora for governance. The DAO's first phase took effect, and future proposals must go through the governance portal. Some read the absence of opposing votes as consensus; others thought opponents had already left. Sisyphus had explained his abstention by saying no vote could recover his cost basis.
Impact and next steps: Supporters saw buybacks, AI, and the US market as a route to recovery. Skeptics focused on the additional 150 million XAI being allocated and asked when supply pressure would ease. XAI stood at $0.095 that day, the voting rally was modest, and the announcements channel gave no execution sequence. The narrator recorded the rare sight of more than 30 million votes pointing one way, while buybacks, rewards, and the new process still awaited delivery.