1st $PRIMAL Token Burn: DAO Vote is LIVE 🌐

IMPORTANT: if you hold $PRIMAL, you will need to stake it here to be eligible for the vote: https://staking.getprimal.com/

Stake to vote: https://staking.getprimal.com/

In December, we ran a Gold NFT Sale. It was the first refundable NFT in history. Users bought an NFT with 150,000 $PRIMAL tokens per NFT, with an option to refund the NFT for 30 days after the sale.

All non-refunded $PRIMAL collected is now transferred to the PRIMAL Token Holder DAO.

The total is 30,000,000 $PRIMAL tokens.

That is worth ±$400,000 USD at current market price.

You, the community DAO, will decide if you want to:

• burn all $PRIMAL collected to permanently remove from supply
• use part of it as non-inflationary staking yield for $PRIMAL stakers, burn the rest of it

If voted for 100% burn, $PRIMAL brings the biggest burn event in crypto of 2023 - $400,000 worth of $PRIMAL tokens will be burned immediately after the successful DAO proposal.

The 1st $PRIMAL burn marks the start of a key milestone in our development: $PRIMAL officially becomes deflationary 💎

Vote now - open to all $PRIMAL stakers on the BSC network (the platform provider Snapshot has not yet integrated Step Network, so voting is limited to BSC).

I. $PRIMAL Burn ➡️ Deflation

Going forward, $PRIMAL is going to be burned from all ecosystem products - Fan Tokens, Move2Earn, and Inner Circles.

This will work in the following way: athlete promotions bring new people into the ecosystem daily, which results in regularly scheduled $PRIMAL burn ✅

The $PRIMAL token burns result in less circulating supply in the open market 📈

II. How it Works

We have opened a DAO community vote where $PRIMAL stakers decide on the token burn.

After the community decides on the burn, the DAO vote outcome will be actioned immediately 🤝

Stake to vote: https://staking.getprimal.com/