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Axion FoundationAxion Foundationby0xDB8c6B6d4EB005ae22863519dB27f24B8775Ad1B0xDB8c…Ad1B

Auction Token Distribution

Voting ended almost 5 years agoFailed

This vote is to determine whether to change the current auction structure or keep it the same. Voting options vary in the number of Venture Capital v. Regular Auctions and the overall value of each auction. This vote presents three options:

Option 1 - Add 100MM to Regular Auctions Weekly; Move to four (4) VCA’s and three (3) Regular Auctions per week

In this scenario, Venture Capital Auctions would occur four (4) days a week, with each VCA offering 500MM AXN, and regular auctions would occur three (3) days a week, with 200MM AXN available per auction.

Venture Capital Auctions (500MM each, 2BN Total) – Monday, Wednesday, Friday, and Saturday

Regular Auctions (200MM each, 600MM Total) – Tuesday, Thursday, and Sunday

Total tokens distributed: 2.6BN weekly

Option 2 – Add 100MM to Venture Capital Auctions Weekly; Move to three (3) VCA’s and four (4) Regular Auctions per week

In this scenario, VCA auctions would occur three (3) days a week, with each VCA offering 700MM Axion. The regular auctions would occur four (4) days a week, with 125MM tokens available per auction.

VCA Auctions (700MM each, 2.1BN Total) – Monday, Wednesday, and Friday

Regular Auctions (125MM each, 500MM Total) – Tuesday, Thursday, Saturday, and Sunday

Total tokens distributed: 2.6BN weekly

Option 3 – Auction levels remain the same; Two (2) VCA’s and five (5) Regular Auctions per week

Leave the current auction set up as is.

Venture Capital Auctions (1BN each, 2BN Total) – Tuesday and Friday

Regular Auctions (100MM each, 500MM Total) – Monday, Wednesday, Thursday, Saturday and Sunday

Total tokens distributed: 2.5BN weekly

Note: The 90% cap will stay in place for all auctions, and any unsold tokens will all roll into the following Friday auction.

For a more detailed analysis, please visit https://www.punkynomics.com/blog/axion-dao-vote-auction-token-distribution

Off-Chain Vote

Add 100MM to the Regular Auction
0 0%
Add 100MM to the VCA
0 0%
Auction Levels Remain the Same
0 0%
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Timeline

Apr 22, 2021Proposal created
Apr 22, 2021Proposal vote started
Apr 24, 2021Proposal vote ended
Oct 26, 2023Proposal updated