Alphakek AIby
vvsotnikov.eth
Replace Revenue Sharing with Buyback&Burn
Voting ended over 1 year 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:
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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;
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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
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- Author
vvsotnikov.eth
- IPFS#bafkreic
- Voting Systemsingle-choice
- Start DateSep 08, 2023
- End DateSep 13, 2023
- Total Votes Cast27.47M AIKEK
- Total Voters8
Timeline
- Sep 08, 2023Proposal created
- Sep 08, 2023Proposal vote started
- Sep 13, 2023Proposal vote ended
- Mar 26, 2025Proposal updated