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Magic Internet MoneyMagic Internet Moneyby0x8A7f7C5b556B1298a74c0e89df46Eba117A2F6c10x8A7f…F6c1

#2 $SPELL Farming Reduction and Supply Burn Proposal

Voting ended over 4 years agoSucceeded

Abracadabra has become a force of nature, we are seeing usage explode, and MIM peg being extremely strong. For this reason I propose to burn and reduce 20% of the SPELL that has been allocated to farming rewards. This marketing budget is no longer required, the team and treasury does not need this allocation.

To read the details about amounts to be burned and more please refer to the medium post here: https://abracadabramoney.medium.com/spell-farming-reduction-and-supply-burn-proposal-9e6e0dfdb78f

Off-Chain Vote

Yes, Burn
12.31B 99.7%
No, keep rewards
39.5M 0.3%
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Timeline

Oct 07, 2021Proposal created
Oct 07, 2021Proposal vote started
Oct 11, 2021Proposal vote ended
Oct 26, 2023Proposal updated