[FIP #06] — Vote on whether to burn FNX or create a community-controlled fund

Proposal Type:

A vote to decide whether to burn FNX or create a fund controlled by the community.

Governance Rule Version:

Interim governance rules

Proposer:

FinNexus Team

Voting period:

From 2021-02-03 to 2021-02-11

Proposal:

According to the FNX distribution plan and FinNexus token Dashboard, while the total FNX supply is 500 million, the current circulating amount is just 22,328,738 FNX. This means that a mere 4.47% of the total supply is currently circulating.

Most of the FNX supply is vested or allocated in different slots. The biggest one is the Community rewards fund, which has 70% of the total supply. Given that the Community rewards fund is intended for future community incentives in the FinNexus protocol, 350 million FNX tokens appear to be more than enough.

The team has received several suggestions from the community arguing that such allocation is not healthy and may prevent potential investors from joining out of fear that one day FinNexus may decide to change its distribution plan and dump the FNX tokens on the market.

As a solution to this issue, there has been a discussion on our forum about whether to implement a token-burn or establish a community-controlled fund.

You are encouraged to read the discussions carefully before voting.

In brief:

1. Token burn: Advantages: A token burn will decrease the total supply of FNX instantly and could be a one-time solution to the fear of future dumping; Disadvantages: The current FNX circulation is quite small and the burnt FNX tokens are not on the market yet. FinNexus may lose flexibility and token reserves for future potential growth.

2. A community-controlled fund Advantages: A community-controlled fund would be totally in the hands of our community through online governance contracts and therefore would represent a big step for FinNexus towards community governance. It would increase the utility of FNX tokens and encourage FNX holders to be active participants in the ecosystem. Also, it would maintain a higher degree of flexibility for future growth, since the supply could be used for cross-chain development and the enrichment of the FinNexus DeFi protocols. Disadvantages: A fund would not instantly reduce the total supply, potentially leaving investors with doubts about the large amount of FINX not distributed to the market.

Check the current numbers and please vote for one of the two options:

1. Token Burn

	Current Distribution	Percentage	New Distribution	Percentage
Coded Total Supply	500,000,000		500,000,000
Burnt (old)	30,902,638		30,902,638
Burnt (New)	-		292,601,955
Total Supply	469,097,362	100.00%	176,495,407	100.00%
Current Circulation	22,328,738	4.76%	22,328,738	12.65%
Institutional Reserve	4,166,669	0.89%	4,166,669	2.36%
Team	25,000,000	5.33%	25,000,000	14.16%
Operation	22,340,567	4.76%	10,000,000	5.67%
Insurance Fund	25,000,000	5.33%	25,000,000	14.16%
Community Rewards	345,261,388	73.60%	80,000,000	45.33%
Future Token sales	25,000,000	5.33%	10,000,000	5.67%

2. Community Controlled Fund

	Current Distribution	Percentage	New Distribution	Percentage
Coded Total Supply	500,000,000		500,000,000
Burnt (old)	30,902,638		30,902,638
Total Supply	469,097,362	100.00%	469,097,362	100.00%
Current Circulation	22,328,738	4.76%	22,328,738	4.76%
Institutional Reserve	4,166,669	0.89%	4,166,669	0.89%
Team	25,000,000	5.33%	25,000,000	5.33%
Operation	22,340,567	4.76%	10,000,000	2.13%
Insurance Fund	25,000,000	5.33%	25,000,000	5.33%
Community Rewards	345,261,388	73.60%	80,000,000	17.05%
Community Controlled Fund (New)	-	0.00%	292,601,955	62.38%
Future Token sales	25,000,000	5.33%	10,000,000	2.13%

Please place your vote.

[FIP #06] —关于销毁FNX或建立社区管理基金的提案

提案类型：

投票决定是否销毁 FNX 或建立一个由社区控制管理的基金。

治理规则版本：

临时治理规则

提案者：

FinNexus 团队

投票期限：

2021-02-03 至 2021-02-11

提案内容:

根据 FNX 代币分配计划 和 FNX通证信息表，虽然 FNX 总供应量为 5 亿，但目前流通金额仅为 22,328,738 FNX。这意味着目前只有 4.47%的供给量在市场上流通。 目前绝大部分 FNX 进行了锁定并会在未来不同的时段进行解锁分配，其中占比最大的部分是社区奖励基金，占总供给的 70%。考虑到社区奖励基金是为了授予未来 FinNexus 协议中的用户以及奖励，3.5 亿数量 FNX 目前来看存在预留过量的情况。 最近一段时间，FinNexus 团队持续收到一些来自社区的建议，社区普遍认为目前 FNX 的潜在供应量过大了，这是一种非良性的分配机制，可能会阻止潜在投资者的加入，社区担心 FINNEXUS 团队可能会决定改变其分配计划的可能性，并将这部分 FNX 代币抛售。 为了解决这个问题，我们在 3 个月前就在治理论坛上发起了究竟应该实施 代币销毁 还是建立由 社区管理基金 的提案。 请大家在投票前仔细阅读讨论内容。

1. 代币销毁: 优点: 销毁代币将立即减少 FNX 的总供应，可一次性解决对未来团队可能改变代币分配并对市场施加不利影响的担忧。 缺点: 目前 FNX 的流通量相当小，销毁的 FNX 代币还没有上市。FinNexus 可能会在未来失去应对增长的灵活性和代币储备。
2. 建立社区管理基金 优点: 通过在线治理合约，社区管理基金将完全掌握在 FinNexus 社区手中，因此这将成为 FinNexus 朝着社区自治迈出的一大步。同时也将增加和强化 FNX 代币的效用，并鼓励 FNX 持有者成为生态系统的积极参与者。此外，它将为未来的增长保持更高程度的灵活性，因为这部分供应可用于跨链开发和丰富 FinNexus 的未来 DeFi 协议。 缺点： 社区治理基金不会立即减少总供应量，这可能仍然会让当前投资者对大量未向市场分配的 FNX 的未来通胀产生担忧。

请参考下图表中所示数据，并从以下两个选项中选择一个作为你的投票。

1. 选择立刻销毁这部分代币

	代币分配现状	占比	执行后的分配量	占比
合约最大供应量	500,000,000		500,000,000
已销毁	30,902,638		30,902,638
本次最新销毁	-		292,601,955
总供应量	469,097,362	100.00%	176,495,407	100.00%
现流通量	22,328,738	4.76%	22,328,738	12.65%
机构	4,166,669	0.89%	4,166,669	2.36%
团队	25,000,000	5.33%	25,000,000	14.16%
运营	22,340,567	4.76%	10,000,000	5.67%
保险基金	25,000,000	5.33%	25,000,000	14.16%
社区奖励	345,261,388	73.60%	80,000,000	45.33%
未来代币销售	25,000,000	5.33%	10,000,000	5.67%

2. 选择成立社区管理基金

	代币分配现状	占比	执行后的分配量	占比
合约最大供应量	500,000,000		500,000,000
已销毁	30,902,638		30,902,638
总供应量	469,097,362	100.00%	469,097,362	100.00%
现流通量	22,328,738	4.76%	22,328,738	4.76%
机构	4,166,669	0.89%	4,166,669	0.89%
团队	25,000,000	5.33%	25,000,000	5.33%
运营	22,340,567	4.76%	10,000,000	2.13%
保险基金	25,000,000	5.33%	25,000,000	5.33%
社区奖励	345,261,388	73.60%	80,000,000	17.05%
社区管理基金	-	0.00%	292,601,955	62.38%
未来代币销售	25,000,000	5.33%	10,000,000	2.13%

请进行投票。