MIP - 3: Initial Liquidity Proposal

This proposal asks $Mika holders to vote to burn the initial community-created liquidity tokens at the end of the lock period. This is a vital step in ensuring the future of Mikaboshi and was a key demand that led to the creation of the new Mika contract.

The reason we are proposing to burn and not an extended lock of the tokens for a symbolic period (for instance, 777 years) is two-fold. First, security. Burning the LP tokens permanently locks the liquidity to Uniswap. It removes the potential of someone hacking the liquidity locker and stealing the tokens. Second, burnt liquidity is seen as a positive by exchanges and coin tracking sites and of more validity than an extended lock. It demonstrates that we are not a rug.

A vote of Yes - "Burn" indicates that you are in favor of us burning the liquidity tokens immediately upon their unlocking.

A vote of No - "Do Not Burn" indicates that you reject this proposal and would like to determine an extended lock in a future proposal.