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Chad IndexChad Indexby0x6D73BE36a571355736d7dd50d3FD69a503f23aC9galer.eth

ADD CHAD TO CHAD INDEX (BUY AND BURN)

Voting ended over 2 years agoSucceeded

because chad is a chad token, it should be included in the index

however simply adding it creates a strange feedback loop where redeeming chad gets you some % of chad, to redeem further, etc...

so i propose we simply buy and burn CHAD w/ 10% of the fee revenue

this will programmatically increase all existing CHAD holders % share of the RFV, as well as removing supply from the market and creating native buy pressure

if this passes the result of the "CHAD INDEX" proposal (RLB or RLB/BITCOIN) will be changed to 90% (external) 10% CHAD

Off-Chain Vote

ADD CHAD BUY AND BURN
289.78M Chad Index98.8%
NO I DONT UNDERSTAND TOKENOMICS
3.53M Chad Index1.2%
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Timeline

Aug 30, 2023Proposal created
Aug 30, 2023Proposal vote started
Sep 01, 2023Proposal vote ended
Oct 26, 2023Proposal updated