Proposal 1 : What happens to 2.5 million $IPAD

Overview This proposal is to decide on what to do with 2.5M $IPAD accrued in Infinity Pad governance treasury over the last few weeks

For discussing this proposal, join : https://t.me/ipadchat

Background In an effort to scale up the IPAD launchpad and in an effort to generate an improved economy, Infinity Pad announced the restructuring of the IPAD Token as a whole. The new token with a deflationary mechanism went live on September 26 and one of the main features of the new token is a 1% fee deducted in each transaction that goes towards Infinity Pad governance Treasury. So, far more than 2.5M $IPAD has been collected and this proposal is to decide on what to do with these funds.

Details The following options are available :

Option 1 : Burn Infinity Pad has switched to a true deflationary mechanism that reduces the circulating supply one transaction at a time (1% of each transaction is burned). The Burn mechanism of the V2 Token has proven to be very efficient and that is clearly reflected in our price. So, this option proposes to burn an additional 2.5M $IPAD accrued in treasury and helps in attaining a greater value to the ecosystem in long term by improving the tokenomics of IPAD through gradual effective reduction of the circulating supply

Option 2 : Redistribute to stakers All the accrued funds in treasury is redistributed to stakers (in proportion of their staking amount). Higher the stake, higher the allowance

Option 3 : Incentivise Army Recently, we formed an IPAD Army and it has been one of the greatest additions so far with an overall 2500+ registered members that produce more engagement and adds to our social weight and in return active and engaged members are incentivised. This option proposes to incentivise the army and hence bring in more members to our squad and hence more social engagement and thus helps in marketing and bringing more people

Option 4 : Abstain All the above options are not viable and this option proposes to redo this proposal with more community options

Voting structure Each $IPAD (held in wallets or staked) grants you exactly 1 voting power Each $IPAD in $IPAP LP (Held in wallets or staked) grants you exactly 3 voting power

Quorum is set to 10 Million $IPAD.

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