# 📢 CIP-1 Governance Vote | Final Result 🗳️

**URL:** <https://community.creditcoin.org/t/cip-1-governance-vote-final-result/9023>\
**Category:** 📣 Announcement\
**Created:** [November 2, 2023, 10:11am UTC](https://community.creditcoin.org/t/cip-1-governance-vote-final-result/9023 "2023-11-02T10:11:03Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Makena](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.creditcoin.org/makena/32/643_2.png) [@Makena](https://community.creditcoin.org/u/Makena)\
**Post date:** [November 2, 2023, 10:11am UTC](https://community.creditcoin.org/t/cip-1-governance-vote-final-result/9023/1 "2023-11-02T10:11:03Z")

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With a total of 8.85M CTC votes, the community has decided to vote in favour of CIP-1, to create an ERC-20 wrapped token (wCTC) to facilitate mainnet liquidity.

✅ Votes for: 8.25M CTC(93.2%)  
❌ Votes against: 597.85K CTC(6.8%)

Read the proposal 👇

> **[CIP-1: Create an ERC-20 wrapped CTC token (wCTC) to facilitate mainnet liquidity](https://voting.opensquare.io/space/creditcoin/proposal/QmTh2GFQVq2Y72pyz6dMSiLRbPbSh2qEfGm9mzpPYshMpa)**
>
> \*\*Proposal Outline\*\*
> 
> The Creditcoin Foundation is proposing the creation of an ERC-20 wrapped CTC (mainnet) token on Ethereum in order to facilitate mainnet liquidity. This token ...