If we had truly decentralized governance, then ALGO being distributed to a US platform for rewards wouldn’t matter, because it’s not the foundation distributing it, it’s the community passing a vote to do so.
Since we are not at that stage with the Algorand Foundation, can we please add another question to this measure - for US platforms to be eligible to participate in the program the ALGO rewards that the marketplace would receive will be converted to USDC prior to being distributed to the marketplace. This way otherwise eligible marketplaces are not being unfairly left out due to their jurisdiction.
I am all for the incentives and I think it’s clear they help drive volume no matter which form they take. Some models may be better than others but I enjoy seeing a variety of different approaches.
The marketplaces that are not receiving the rewards are at a severe disadvantage to their competitors and at this point I don’t know why we wouldn’t want to include every marketplace that’s left building here.
I have been asking about this repeatedly for months and nothing has been done. I have only heard that it’s a ‘legal thing’. What’s seen as a little ‘thing’ to the foundation is a really big thing for the individual platforms. Mind you we’re talking about 1/30th of what defi is getting.