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.