XRPL Amendment Voting Status
Currently, the Token Escrow amendment is at 27 out of 28 "Yeas" votes (77.14% out of 80%) needed to enable this feature. Once the votes reach 28 in favor (80%), the vote will need to remain at 80% for two weeks to be enabled.
Sorry we missed you!
Now that we are in the Accumulation Phase of our project, the official "Fri-dev" schedule is no more. Moving forward, our dev updates will be dynamic, as major updates happen. Stay informed on Telegram, X, and our website about news and updates.
Escrow Update.
The escrow planned for 9/1 will be pushed to 9/8. This is due to preparedness. Based on the progress of the Token Escrow amendment and other factors, we want to be sure that we get the timing right. More updates to follow.
Almost there! https://t.co/9EbdPWsbAQ
We are at 60% consensus on token escrow. We need to hit 80% and keep that level for 14 days for it to be enabled. Fingers crossed!
Great news! Our metals storage application has been accepted. We are now able to purchase and store precious metals! NEXT STEPS: As the Accumulation Phase progresses, we will accumulate XRP and leverage its price action at the end of the phase.
After reviewing the XRPL amendment voting process, we have decided to place the Dev Tokens into a 31-day escrow between now and 9/1. This escrow will be funded with XRP investments not by trading Silverware (XLVR). This will, hopefully, provide enough time for voting to conclude.
XRPL Token Escrow Amendment Update: For any amendment to be enabled, there has to be an 80% vote consensus for 2 weeks before it will be enabled. If it dips below 80% the timer resets. It may be a few weeks before we see consensus.
https://t.co/9EbdPWsJqo
Precious metals update!
We have setup a preliminary purchase account and are in the process of applying for our storage account.
We will keep you posted on our progress.
"Fri-Dev" update via Telegram today at 10am PST.
We will cover what happened with the recent escrow, delays in the upcoming escrow, project phases, as well as XRPL upgrades that affect escrows.
https://t.co/uJbcJTEeVL
Escrow Update: The escrow tokens have been returned, and the issue has been resolved. The next XLVR trade and burn may be delayed due to this issue. More updates to come.