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Alphakek AIAlphakek AIby0xDf63A5df29F1a1098Eb3D341597e811f00bdbaA9vvsotnikov.eth

Replace Revenue Sharing with Buyback&Burn

Voting ended over 2 years agoSucceeded

$AIKEK currently collects a 4% buy/sell fee and 33% of that fee is being distributed back to holders under a revenue-sharing program. This approach has 2 drawbacks compared to a buyback program:

  1. Gas costs make it very expensive to distribute revenue share among all the holders while sharing among only top holders is unfair. Buyback&burn requires only 2 transactions and therefore it is much cheaper;

  2. Revenue sharing doesn't have a compound effect (these 33% effectively leave the AlphaKEK ecosystem) while buyback will make all remaining $AIKEK tokens more expensive.

I propose to start spending the 33% portion of the fee on a buyback and burn of $AIKEK tokens.

Off-Chain Vote

Switch to Buyback&Burn
27.47M AIKEK100%
Keep revenue sharing
0 AIKEK0%
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Timeline

Sep 08, 2023Proposal created
Sep 08, 2023Proposal vote started
Sep 13, 2023Proposal vote ended
Mar 26, 2025Proposal updated