Summary
This proposal advocates that cashback rewards within the COCA ecosystem should be paid in USDT on Polygon instead of the COCA token to improve user experience, strengthen tokenomics, and align with COCA stablecoin-first vision.
Rationale
- User Trust & Simplicity:
Users prefer stable, instantly usable rewards. Paying in USDT eliminates the volatility risk tied to COCA and simplifies onboarding for mainstream users.
- Token Utility & Supply Management:
Paying cashback in COCA increases sell pressure and weakens long-term utility. This shift protects COCA's value.
- Stablecoin-Native Experience:
COCA positions itself as a stablecoin banking app. Paying rewards in USDT reinforces that positioning and keeps the user journey consistent.
- Operational Efficiency:
Polygon offers fast, low-cost transactions. Using USDT on Polygon ensures seamless cashback payouts at scale with minimal friction or fees.
Implementation Plan
- Effective Date: Cashback in USDT will begin from June.
- Technical Integration: COCA will integrate USDT payout logic into the rewards engine and notify users.
- Transparency: Users will receive monthly cashback in their wallet as USDT (Polygon), visible in the transaction history.
Voting Options
✅ For: Approve switching cashback payouts from COCA to USDT on Polygon
❌ Against: Keep cashback payouts in COCA
