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Altruism ProtocolAltruism Protocolby0x25A7aB5a0A175688adE82bC452A638B0E964EdAD0x25A7…EdAD

[Altrucoin, BankerDoge] - Strategic Liquidity Repurposing

Voting ended over 4 years agoSucceeded

Hello everyone! As discussed in our most recent AMA, we have received feedback from our holders and our consulting partner (that has experience working with over 150 crypto projects) letting us know that our liquidity ratio has moved and is currently making price movements much more difficult. The current ratio we have makes investing in our tokens less attractive as there is a lower potential for 10x or 100x price movements and this may dissuade some investors from buying our token. Before we get our tesla giveaway marketing into full swing we wanted to attend to this issue.

We have researched safe liquidity ratio ranges that would allow the price to move while ensuring proper token and trading functionality. Other projects tend to have a range of 0.02-0.08 for liquidity to MC ratio while Altrucoin has almost 0.20 and BankerDoge has over 0.62. We aim to fix this by implementing strategic liquidity repurposing.

The tokens and BNB created through this liquidity repurposing would be spent exclusively on the projects in the form of airdrops, paying for exchange listings, buybacks (manual and automatic), development acceleration, partnership expansion, and more. We believe that implementing this strategy would greatly assist in creating volume for our tokens and attracting new investors.

Off-Chain Vote

Yes, let's do the adjustments!
118T 99.1%
No, leave ratios as they are.
1.1T 0.9%
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Timeline

Nov 09, 2021Proposal created
Nov 10, 2021Proposal vote started
Nov 11, 2021Proposal vote ended
Oct 26, 2023Proposal updated