It took me a while to think about VIP#1 To be frank, it's really strange that I am talking about a project from the company I am working on. So, I will try to be neutral and cover as many perspectives as possible. Quick thoughts: - VIP#1 is much more detailed and comprehensive than the first one. It would be superb if they added a chart indicating the vesting process. - IMO, 20-30 million dollars (100M VIC) is rational for @BuildOnViction team to develop a Layer 1 in this circumstance. As an investor, I am deeply concerned about the potential impact of this proposal on my VIC portfolio. The doubling of the VIC supply after four years could lead to a 50% reduction in the VIC price, which is a significant risk that cannot be overlooked. Then my second thought came up: VIC's valuation is 30 million dollars, relatively low in the Layer 1 category and 791th by market cap. The additional token will help the ecosystem grow, meaning more campaigns, projects, transactions, and valuations will be added. The result is that VIC will surge significantly over time. The only risk is that the teams stop building, which seems unlikely given NE's reputation and valuation of more than 20 million dollars. The question is how much VIC has growth potential. It is hard to tell; four years is a long period. It depends heavily on the Viction team's efficiency and market conditions. My strategy for the VIC portfolio is to sell a portion when the proposal is discussed or approved. It's inevitable that a part of the community will sell regardless. After that, I will consider accumulating $VIC at a strategic point and continue to DCA as the ecosystem grows. As a web3 builder, Viction is a case I can learn from its conditions. Usually, Layer 1 [from Ethereum, Solana to Fantom, Avalanche] can only grow with an incentive allocation to attract users and secure the network from the beginning. Viction doesn't have that. NE receives Viction, formally Tomochain, with a nearly fully circulated supply. So, how can they have the money to compete with other Layer 1? Some say NE pays, and the VIC holder will be fine with no loss. Yes, that sounds great. But that is not how Web3 works. IMO, web3 is the place where everyone contributes and gets their deserved rewards. In the end, every blockchain network should be decentralized and governed. $VIC holders own and help Viction improve. All the fees and value from the Viction builder will accrue to the VIC holder [Not like enterprise blockchain like Base, in which Coinbase gets all the fees]. So, the VIC holder should deal with the problem of a lack of incentives. One option is to approve and let the builder deliver more value to the ecosystem. The other is to disapprove, and the network will continue to stand still. Anyway, the choice always lies with the holder.