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Update FAQ to reflect Token Launch (#2540) (#2603)
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* Update FAQ to reflect Token Launch (#2540)

* Update FAQ to reflect Token Launch

This PR pushes a new content section from lines 559 - 627 that addresses questions related to the token launch. I have tried format everything as good as I possibly know/can, apologies if it needs to be reworked. 

Questions are: 
562 - Does CowSwap Have a token? 
580 - Is there a proposal to make vCOW transferrable?
585 - what is the purspose of the COW tokens?
605 - what was the criteria for the token airdrop?

* Fix code style issues with Prettier

* Fix building error

* Add space

* Update index.tsx

* Fix code style issues with Prettier

* Add punctuantions

Co-authored-by: Lint Action <[email protected]>
Co-authored-by: Anxo Rodriguez <[email protected]>

* Add dots

* Add markup

Co-authored-by: Alex V <[email protected]>
Co-authored-by: Lint Action <[email protected]>
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3 people authored Mar 29, 2022
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Showing 1 changed file with 108 additions and 17 deletions.
125 changes: 108 additions & 17 deletions src/custom/pages/Faq/index.tsx
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Original file line number Diff line number Diff line change
Expand Up @@ -315,23 +315,6 @@ export default function Faq() {
<Page>
<Content>
<h2 id="protocol">Protocol</h2>
<h3 id="does-cowswap-have-a-token">Does CowSwap have a token?</h3>
<p>
There is currently no CowSwap specific token, however, the community has expressed its desire to participate
in this exciting project. That is why there is an ongoing discussion in the{' '}
<ExternalLink href="https://forum.gnosis.io/c/gnosis-protocol">Forum</ExternalLink> and{' '}
<ExternalLink href="https://chat.cowswap.exchange">Discord</ExternalLink> about the possibility of creating
one, so make sure your voice is heard!
</p>
<p>
Be cautious, some people may create fake COW tokens, that are not affiliated with this project. Please note
that any token listed in any AMM is <strong>NOT</strong> associated with this project in any way, shape, or
form.
</p>
<p>
Follow <ExternalLink href="https://twitter.com/mevprotection">@MEVProtection</ExternalLink> on Twitter to be
up to date!
</p>
<h3 id="what-is-cowswap-s-fee-model">What is CowSwap’s fee model?</h3>
<p>
Each executed order has a fee which is captured by the protocol. Part of the fee is paid to solvers
Expand Down Expand Up @@ -573,6 +556,114 @@ export default function Faq() {
</Content>
</Page>

<Page>
<Content>
<h2 id="Token">Token</h2>
<h3 id="does-cowswap-have-a-token">Does CowSwap have a token?</h3>
<p>
Yes,{' '}
<ExternalLink href="https://etherscan.io/address/0xd057b63f5e69cf1b929b356b579cba08d7688048">
vCOW
</ExternalLink>{' '}
is the non-transferable governance token that powers the CoW Protocol.
</p>
<p>
At launch the token will be a pure virtual token for governance. This implies that the token will not be
transferable. The token entitles its holders with voting rights in the CowDAO. It is up to CowDAO to vote on
whether making the token transferable complies with applicable laws.
</p>
<p>
The token&apos;s main purpose is to govern and curate essential infrastructure components of the CoW
Protocol ecosystem.
</p>
<p>Be cautious, some people may create fake COW tokens, that are not affiliated with this project.</p>
<p>
Follow <ExternalLink href="https://twitter.com/mevprotection">@MEVProtection</ExternalLink> on Twitter to be
up to date!
</p>
<h3 id="is-there-a-proposal-to-make-vcow-transferable">Is there a proposal to make vCOW transferrable?</h3>
<p>
Yes! A CoWmunity member created a{' '}
<ExternalLink href="https://forum.cow.fi/t/cip-draft-enable-swapping-of-vcow-to-cow/91/22">
CoWDAO Proposal
</ExternalLink>{' '}
on the forum.
</p>

<h3 id="where-can-you-swap-vcow-tokens-for-the-new-cow-tokens">
Where can you swap vCOW tokens for the new COW token?
</h3>
<p>
{' '}
Directly in the CowSwap UI. Simply click on the profile section at the top left of the page, or in the menu
if you are on mobile, and you will be redirected to a page where you can see your total combined balance for
COW and vCOW and convert them instantly.
</p>

<h3 id="what-is-the-purpose-of-cow-token">What is the purpose of COW Token?</h3>
<p>
The COW token will entitle its holders to voting rights within the CowDAO. The main purpose of CowDAO is to
govern and curate essential infrastructure components of the CoW Protocol ecosystem, including:
</p>
<p>
<ul>
<li>
<strong>System Parameters</strong>: CowDAO will be in charge of all system parameters such as the
objective function for solution scoring and solver slashing conditions.
</li>
<li>
<strong>Treasury holdings and Protocol revenue</strong>: Allocation of treasury holdings, distribution
of Protocol revenue and investing into ecosystem projects.
</li>
<li>
<strong>Staking</strong>: CoW Protocol solvers will be incentivized to compete for providing best
solutions by capturing value for participation. This could come in the form of trading fees, solution
token rewards or both. Solvers could be required to stake COW in order to participate in solution
submission. CoW Protocol users will be able to lock COW tokens for a fee discount on their trades. This
gives tangible utility to the tokens benefiting all CoW trades.
</li>
<li>
<strong>Fees and Rewards</strong>: Traders, solvers, frontends, developers and other ecosystem
participants should always remain sufficiently incentivized to continue contributing and maintaining a
robust ecosystem. Incentives could come in the form of batch solution rewards, trader incentives,
ecosystem grants and more.
</li>
</ul>
</p>

<h3 id="what-was-the-criteria-for-the-token-airdrop">What was the criteria for the token airdrop?</h3>
<p>There are 4 categories in which you can qualify for the airdrop:</p>
<p>
<ul>
<li>
<strong>CoW POAP</strong>: Awarded POAPs from the testing sessions, Batch challenges, CowStars or user
research sessions. Not all are equally valuable. Some that are most special are the ones for our
CowStars and User Test Participants. Note that we say “awarded” and not “owns”, since we know that there
have been secondary markets for these POAPS. We only took awardees into consideration.
</li>
<li>
<strong>Power Traders</strong>: A Power trader is someone who has traded on either Ethereum mainnet
(before block 13974427) or Gnosis Chain (block 20024195) a minimum of 3 trades, at least 14 days between
the 1st and the last trade, and for a minimum of 1K total volume. Note that stable to stable coin trades
only by factor 0.1.
</li>
<li>
<strong>Traders</strong>: A trader is someone who has traded on either Ethereum mainnet (before block
13974427) or Gnosis Chain (block 20024195) at least once for a total of 1K USD or who has done at least
5 trades. Note that stable to stable coin trades only by factor 0.1.
</li>
<li>
<strong>GNO Holders</strong>: A GNO holder is someone who held at least 0.1 GNO on either Ethereum
mainnet (before block 13974427) or Gnosis Chain (block 20024195). They were eligible for holding GNO on
Mainnet and/or GnosisChain, and for running GBC validators. In addition, all the following LP token
holders were accounted for: Balancer v2 (mainnet), Uniswap v3 (mainnet), Honeyswap (gnosischain),
Symetric (gnosischain), Sushiswap (gnosischain), Elk (gnosischain), Swapr (Gnosischain).
</li>
</ul>
</p>
</Content>
</Page>

<Page>
<Content>
<h2 id="trading">Trading</h2>
Expand Down

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