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Agility DAOAgility DAOby0x6726Ef3460A13EF46F8E7C232701285d6A3d3663agilitydao.eth

AIP-3: Token Burn Options

Voting ended almost 3 years agoSucceeded

I. Background

The current token supply has grown significantly, leading to concerns about the value of the token and its distribution. With a large number of tokens available for emission, existing holders may feel that their holdings are being diluted. In response to these concerns and to create a more attractive ecosystem for our investors, we are proposing a token burn to incentivize current holders and reduce the token emission rate.

II. Proposal

We are presenting three token burn options to the community for consideration:

Burn 300 million tokens Burn 400 million tokens Burn 500 million tokens Each option aims to strike a balance between protecting the interests of current token holders and ensuring a sustainable emission rate for future growth. The chosen option will be determined by community vote.

III. Execution

We will reserve the rebase tokens within the protocol, ensuring they remain secure and under the community's governance. This approach empowers our community to actively participate in key decisions and maintain control over the token's future, fostering a sense of collective ownership and collaboration.

Off-Chain Vote

300M
0 AGI0%
400M
1.29K AGI0.1%
500m
1.04M AGI99.9%
No Burn
5.68 AGI0%
Download mobile app to vote

Discussion

Agility DAOAIP-3: Token Burn Options

Timeline

Apr 14, 2023Proposal created
Apr 14, 2023Proposal vote started
Apr 15, 2023Proposal vote ended
Oct 26, 2023Proposal updated