Proposal for Burning all tokens outside the distribution plan

In order to strengthen the credibility and sustainability of the MBX ecosystem, we are proposing the implementation of Phase 1: Burning all tokens outside the distribution plan as the first step of Tokenomics Optimization.

▶MARBLEX Tokenomics Status

Out of the total supply of 1,000,000,000 MBX, a portion has already been burned in accordance with the MARBLEX token deflation model. As of June 26, 2023, the total distribution supply stands at 999,798,906 MBX. From this amount, 55,485,712.33 MBX (5.55% of the total supply) is currently in circulation.

▶Proposal Summary

Taking into account the market flow and economic scale during the initial planning of MARBLEX tokenomics, a significant amount of the total supply was allocated for future ecosystem enhancements. However, based on the current market conditions and the scale of the ecosystem, we determined that the planned distribution supply was more than enough to operate our ecosystem effectively.

To alleviate market uncertainty arising from potential circulation pressure and establish transparent tokenomics, we propose the burning of the unplanned distribution supply that is not included in the <MBX Token Distribution Schedule by 2026>.

The unplanned distribution supply refers to 673,600,000 MBX (67.36%) out of the 1,000,000,000 MBX issued at genesis. By burning this amount, the total supply will be reduced to 326,372,444. Following through with this action will allow MARBLEX to strategically operate their business according to a fully disclosed distribution plan, further enabling a more compact implementation of MBX value. Ultimately, this approach will foster ecosystem development by promoting transparency and sustainability.

▶Voting Process

The following proposal represents a highly significant decision for the governance of MARBLEX. Consequently, we aim to reflect the opinions of core members of the ecosystem–the MARBLEX community–to determine the final implementation date of this proposal.

Community members can cast their votes on this proposal through two methods. (*Multiple voting is allowed)

• Marblership Holder: MBX Discord’s #marblership-lounge
• MBX Holder: https://snapshot.org/#/mbxvote.eth

The voting results will be revealed at the end of the voting period through an official announcement. To celebrate our very first voting event, we’ll be rewarding “Snapshot voters” with an exclusive Voting Event NFT. The rewards will be distributed as two separate types, based on the voters' respective voting power.

■ PlayGround Type = 10 – 99 Voting Power ■ Universe Type = 100+ Voting Power

*The Voting Event NFT will be usable with NFT Swap in the future *Rewards will be delivered to the wallets of Snapshot voters within two weeks from the end of the poll.

As a member of the MARBLEX ecosystem, we encourage you to actively participate in the voting process for the growth of our project.