Burn the CONKD

The CONKD token, originally crafted to support the CONK ecosystem and provide an alternative income stream, now faces a pressing challenge due to its initial allocation model.

With 40% of the total supply of 69,000,000,000,000 tokens allocated to the CONK Treasury Multisig by the original team (now absent since the handover), traders and holders of CONKD may find themselves at a disadvantage. This distribution asymmetry disincentivizes trading and holding as the majority of dividends flow into the CONK treasury, rather than directly benefiting holders. Consequently, trading volume has stagnated, leading to a dearth of CONK prints for the treasury. No volume = No CONK prints.

To address this challenge, I propose the following actions:

• Burn 27,000,000,000,000 CONKD tokens currently held in the CONK Treasury Multisig, effectively reducing the total supply to 42,000,000,000,000 CONKD tokens.

To ensure the CONK Treasury Multisig retains its passive income stream while mitigating distribution imbalance, I, as the CONKD Manager, will:

• Allocate 1,500,000,000,000 CONKD tokens to the CONK Treasury Multisig, maintaining its share at 5% of the CONKD supply, totaling 2,100,000,000,000 tokens.

This proposal is directed to CONK holders, as they hold control over the CONK Treasury Multisig. Upon the approval of CONKers, the CONKlave shall proceed with the proposed token burn, following which I will execute the redistribution plan.

Do you agree?