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Ari10Ari10by0xf62C2d6AD02Bb8b248E3B9Be730B036f04D5453E0xf62C…453E

Burn of 180 Million ARI10 Tokens

Voting ended about 2 years agoSucceeded

Issue Statement:

To further pursue deflation as a strategy for success, the proposal is to burn 180 million ARI10 tokens. This represents over 20% of the additional supply and will be executed through daily burns of 1 million tokens over 180 days, commencing from the day of BTC halving.

Solutions:

1. Burn the Tokens:

Pros:
  • Increases token value.

  • Eliminates unnecessary token holdings by the team, advisors, etc.

  • Aligns with new tokenomics introduced in Q1.

  • Boosts community confidence in the team's commitment.

  • Signifies a significant marketing impact.

  • Rewards old holders with increased value.

2. Do Not Burn the Tokens:

Pros:

Potential arguments against the burn, with concerns about insufficient tokens for other initiatives.

Additional Info:

To proceed with the burn, a quorum of 250 million power of votes and a minimum of 100 voters are required.

Off-Chain Vote

Yes, do the burn!
310.48M ARI1097.7%
No, don't burn the tokens!
7.26M ARI102.3%
Download mobile app to vote

Timeline

Jan 31, 2024Proposal created
Jan 31, 2024Proposal vote started
Feb 08, 2024Proposal vote ended
Feb 13, 2024Proposal updated