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MerlinSwapMerlinSwapby0x76Dd894269b27D2dee5286FD995A632cF174edcc0x76Dd…edcc

MIP-6: MP Buyback and Burn

Voting ended over 1 year agoSucceeded

Since the 1st Buyback we have processed 11 buybacks so far, repurchasing a total of: · 128,006,900.616 $MP · 4.206 $BTC

To further benefit our MP stakeholders, we are proposing a new strategy for the buyback program. We suggest allocate 50% of MerlinSwap platform's fees to repurchase MP tokens and which will then be permanently burned. Instead of adding these repurchased tokens to the liquidity pool, this strategy aims to reduce the overall supply, creating a deflationary environment that could increase the long-term value of MP, directly benefiting all token holders.

Off-Chain Vote

Yes
310.77K esMP100%
No
0 esMP0%
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Timeline

Oct 01, 2024Proposal created
Oct 01, 2024Proposal vote started
Oct 03, 2024Proposal vote ended
Oct 07, 2024Proposal updated