BBS Initial Governance Proposal

This is the first official governance proposal for the BBS project, seeking the community's approval for the launch of the project's economic foundation, which constitutes the following steps:

Signatories Approve the following Signatory Parties for the Multisig contract Binance Labs 0x439C16F717e391Af159A9Bb4C7C1C5558DDf0711 Altcoinomy 0x99351eB05721aD101FEaf432b845DC68a7f896f1 Node.capital 0xA0247e2DEB34909610155eF095Eca49D9205FF13 EOS Nation 0x52C9805Dc7C812E2713669277f0ae64058b92171

Rewards Staking rewards - rewards placed in our staking contract (0xcee4510fc056fd7dccf8109f9ed9fe452d732b4c) to be distributed on a quarterly basis between stakers. Engagement rewards - rewards placed in an EOS contract and distributed on a daily basis between BBS communities.

Liquidity We will create a BBS token bridge between Ethereum and EOS. EOS liquidity pool - we will create a defibox BBS liquidity pool on EOS.

Technical Details If this proposal is accepted, the technical team will do the following:

1. Create a liquidity pool on defibox, depositing $30,000 worth of BBS tokens and $30,000 worth of EOS token

2. Create an Ethereum<=>EOS bridge, allowing the transfer of tokens between blockchains

3. Ratify the deposit of 130 million BBS tokens (10 million tokens * 13 quarters) as staking rewards into the staking contract

4. Transfer 2 million BBS tokens to EOS, to fund the next month worth of engagement rewards

The technical work will be concluded no later than 1 weeks after this proposal is accepted.

How to Vote To vote on this proposal, you will need to stake BBS tokens and lock them in the BBS staking system for at least one additional quarter beyond the current one, with each extra quarter raising your voting power by 25%.