AirDAOby
0xb163…3CAf
Vote on the next steps for utilizing profits and a new burning strategy
Token burning has long been recognized as a powerful mechanism within fully developed ecosystems where circulation closely matches full supply. This process can enhance the value of the coin and positively impact its price by creating scarcity. However, in our case, while monthly burning in small portions can create deflationary pressure, it may not support the price as effectively as desired, and the novelty has already gone.
With this in mind, we propose a diversified approach to utilizing profits from COMP and AAVE while incorporating the burning procedure more effectively.
For more details, visit: https://airdao.io/blog/reevaluating-token-burning-exploring-new-strategy
Your Voice Matters! We believe in the power of community support and engagement. It’s time to decide: Do you accept this new approach to token burning and profit utilization?
Off-Chain Vote
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- Author
0xb163…3CAf
- IPFS#bafkreia
- Voting Systemsingle-choice
- Start DateJul 17, 2024
- End DateJul 19, 2024
- Total Votes Cast242.13M AMB
- Total Voters184
Timeline
- Jul 16, 2024Proposal created
- Jul 17, 2024Proposal vote started
- Jul 19, 2024Proposal vote ended
- Jul 19, 2024Proposal updated