🚨 Concerns Rise Over Proposed Referendum | DOT Holders Urged to Take Action

A recent auction has sparked controversy in the Polkadot ecosystem as a significant player acquired most of the available Coretime, stirring fears among DOT holders. As a referendum seeks to bypass established rules for Parachains, the community voices growing concern over fairness and market integrity.

Coretime Auction Aftermath

In the latest Coretime auction, a buyer purchased the bulk of the cores across both Polkadot and Kusama, following protocol but potentially disrupting market pricing for DOT holders. This purchaser is now negotiating to resell the cores, raising alarm about the sustainability of core pricing for Parachains.

The Referendum Proposal

A new referendum aims to create additional cores for Parachains, notably Mythical and Xcavate, which failed to renew on time. Critics argue this move undermines fair pricing and benefits Parachains at the expense of DOT holders.

"This sends a clear message: Parachains don't want to pay fair market prices for cores," noted a concerned holder.

Community Reaction

The sentiment surrounding the referendum is largely negative, reflecting widespread unease about its implications:

• Flawed System: Many highlighted existing problems with the core sales model.

• Speculation: Comments suggest the actor behind the purchases could be a notable figure, possibly looking for profit.

• Concerns of Inequity: "Communism. Been saying it for a while," remarked a participant, reflecting frustration with perceived inequities in decision-making.

Voices From the Ground

Many contributors on forums and user boards emphasize their concerns:

• "3500 DOT is nothing for some, while the rest struggle to compete."

• "This sets a dangerous precedent for future core sales and Parachain agreements."

Key Insights

• ⚠️ The actor behind the majority purchase adheres to protocol but raises pricing concerns.

• 📉 Strong opposition to bypassing core renewal rules highlights community tensions.

• 📣 "Let’s take matters into our own hands" - calls for action from DOT holders.

Will Fairness Prevail?

As discussions around the referendum heat up, the Polkadot community faces a pivotal decision. Will DOT holders voice their discontent, or will the push for Parachain interests overshadow retail participants once more? Stay tuned as this developing story unfolds.