HIP 41: Allocation of Fees for HEC Token Buyback and Burn

Dear Hectorians

With the continuous evolution of our products and the recent release of the beta version of our new dApp, which includes MultiPay and Tax Reports, we now invite you to contribute to the decision-making process regarding the allocation of fees for the buyback and burn of HEC tokens. We are thrilled to offer this direct utility for our HEC token through our products and we expect that with the greater traction of our services in the future, this allocation will create increased buying and burning pressure within the HEC ecosystem.

Proposal:

We propose the following options for the percentage allocation of collected fees:

1. Allocate 50% of collected fees for buyback and burn of HEC tokens.
2. Allocate 60% of collected fees for buyback and burn of HEC tokens.
3. Allocate 70% of collected fees for buyback and burn of HEC tokens.

Why not more than 70%?

To ensure sustainable operations and continued development, it is important to maintain a minimum of 30% of the profits in the Treasury. This will provide direct revenues for financing operational needs and further advancements.

Your participation and input are invaluable in shaping the future of the Hector Network ecosystem. We encourage you to carefully review the proposal and cast your vote for one of the three options.

Thank you for being an integral part of our community and for your contribution to the governance of the Hector Network.

Hector Network team