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KogeCoinKogeCoinby0x84393bAe80966cc6f82b5867Be029D716A4FA0600x8439…A060

Should we introduce a vault-withdrawal fee?

Voting ended over 4 years agoSucceeded

To reduce sell pressure and add support to the deflationary concept of Kogecoin. Should we introduce a withrawal fee when someone withdraws his stake within a certain amount of time?

5% fee for withdrawals within 72 hours after depositing.

  • This will reduce sell pressure.
  • Accelerate the reduce in supply of kogecoin.
  • Keep dedicated HODL'ers on board.
  • Increased APR because swing traders won't use vault as much.

100% of the withdrawal fees will be burned.

Off-Chain Vote

Yes good idea!
1.02M 36.7%
Yes, but rather a 24h period.
60.51K 2.2%
Yes, but rather a 7 day period.
24.15K 0.9%
No bad idea!
1.67M 60.2%
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Timeline

Oct 12, 2021Proposal created
Oct 12, 2021Proposal vote started
Oct 19, 2021Proposal vote ended
Oct 26, 2023Proposal updated