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BiswapBiswapby0xB9BcFBF87f02272a76b7387E268A857A33511bD10xB9Bc…1bD1

Voting for BSW Emission Reduction | BSW Tokenomics Enhancement!

Voting ended almost 4 years agoSucceeded

Biswap is moving to the TOP, overcoming various milestones. Breaking records and reaching high positions is proof that Biswap keeps progressing in the DeFi space. There is no stopping point for Biswap but rather a path forward that demands hard work and persistence from our team.

BSW token is the core of Biswap DEX. Strengthening tokenomics will benefit the whole platform and its products. As a part of Biswap’s development, a new decision needs to be made. For the past few weeks, BSW rose to new leading positions. Thus now is the time to encourage further growth by enhancing tokenomics and reducing emission.

As you have witnessed before, emission reduction has a positive impact on the worth of BSW. Moreover, a recent BSW token listing on Binance has led to a significant boost in value. That’s why it is important to boost BSW more via token emission reduction. Currently, there are 20 tokens per block with 17 280 000 emission per month. But the greater BSW growth could happen if fewer tokens will be produced to the market. The Biswap team presents 2 proposals to decrease BSW tokens’ emission:

  • From 20 tokens to 16 tokens per block with 13 824 000 emission per month (3 456 000 less BSW tokens per month).
  • From 20 tokens to 17 tokens per block with 14 688 000 emission per month ( 2 592 000 less BSW tokens per month).

We value the feedback and input of our community in the progress of Biswap. Your voice is needed to make this crucial decision so that the BSW can rise to the next level. All of you are central to the further advancement of the Biswap DEX. We need your support to make a choice that benefits Biswap tokenomics.

Benefits of the BSW Emission Reduction:

🔥 Each month, fewer BSW tokens will be released that will favourably impact influence the value of the BSW token
🔥 A higher ranking for BSW token in the crypto industry 🔥 Long-term positive impact on BSW price 🔥 Growth of BSW value in the DeFi 🔥 More privileges for BSW Holders 🔥 Increased demand for BSW 🔥 New records for BSW in statistics

It is evident that BSW and its holders will benefit greatly from this decision. Biswap will open new doors with various profitable opportunities.

Voting Options Cast your vote for one of the 3 following options:

🔥 Option 1: Reduce from 20 to 16 tokens per block 13 824 000 emission per month (3 456 000 less BSW tokens per month).

🔥 Option 2: Reduce from 20 to 17 tokens per block 14 688 000 emission per month (2 592 000 less BSW tokens per month).

❌ Option 3: No Changes 17 280 000 emission per month.

Terms & Conditions:

  1. The voting period is from April 20, 02:00 PM UTC to April 25, 02:00 PM UTC.
  2. The voting counts BSW tokens in BSW Holder Pool, BSW Auto-compounding Launchpool, Manual BSW Launchpool, and BNB — BSW, USDT — BSW Farming Pairs.
  3. If the number of votes for both options for "Emission Reduction" is 51% or more, the most voted option will be implemented within 7 days after the voting results.
  4. Despite the voting outcome, the allocation of 600 million BSW tokens in tokenomics will be distributed by the initial ratio:
  • Farms / Launchpools: 80.7% per block
  • Referral Program: 4.3% per block
  • SAFU: 1% per block
  • Team: 9% per block
  • Investment Fund: 5% per block
  1. Once voted, you will not be able to vote again.
  2. There is no need to unstake your BSW tokens from Farms and/or Launchpools to vote. The system will automatically sum up all your tokens locked in Farms & Launchpools. Your BSW tokens will stay with you.

Off-Chain Vote

🔥 Reduce to 16 tokens per block
16.05M BSW83.1%
🔥 Reduce to 17 tokens per block
452.86K BSW2.3%
❌ No Changes
2.82M BSW14.6%
Download mobile app to vote

Timeline

Apr 20, 2022Proposal created
Apr 20, 2022Proposal vote started
Apr 25, 2022Proposal vote ended
Oct 26, 2023Proposal updated