Introduction It has been proposed, voted, and passed for a burn/vest/claim system for SHB to convert to BSN 1:2100. The vote has taken place on Snapshot. This Tally proposal is to carry out the specifications voted on by the cBSN and SHB holders in line with the formal proposal. Full proposal and voting [here](https://snapshot.org/#/blockswapdao.eth/proposal/0xabe4cf96549a963aabaeb88b6f14647f558289bd9ac593ba7fc9362f33ea8246). Blockswap Governance [here](https://gov.blockswap.network/). # Key Actionable Items ## SHB - BSN tokens equal to the SHB:cBSN conversion plus a bonus will be claimable. SHB to BSN will be 1:2100. - A wallet’s full SHB balance will be burned to start the BSN claim process. - BSN tokens will be available with a 30 day lockup and have a 30 day linear vesting. ## Time Constraints Blockswap DAO will limit the window to begin this process to 100 days; cBSN and SHB holders may utilize this window to burn and claim BSN tokens at their convenience. After that, no further claim will be processed, and the remaining BSN tokens will return to the DAO. The exception is unclaimed merkle tree BSN. ## Execution The Blockswap Labs team will execute the above and the community drip faucet will begin accruing BSN tokens within 30 days. Any remaining tokens of the 300,000,000 BSN which have not started the claiming process within 100 days will be returned to the DAO.