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Multiverse Capital DAOMultiverse Capital DAOby0x8954a2a62636Bd3A656520285375e3dba65C9aA10x8954…9aA1

Change in tokenomics

Voting ended about 4 years agoSucceeded

Dear MVC holders, Currently our tokenomics is 10% of buy transactions is distributed to holders and 10% of sell transactions is distributed to farming/marketing fund. When the market turning red like now, this will not benefit holders because there will be no distribution to holders when selling is dominant. We think that a more balanced/optimized way must be discovered. After some experiment we found out that a more optimized tokenomics is better for both holders & the farming& buyback fund. We proposed the 3 options for our holder to vote:

  1. Keep the current tokenomics: 10% of each buy go to holders & 5% of each sell go to farming fund and 5% of each sell go to marketing fund.

  2. Change the tokenomics to a more optimized way: 5% of each buy go to holders & 2.5% of each buy go to the farming fund & 2.5% to marketing fund. 5% of each sell go to holders & 2.5% of each sell go to farming fund & 2.5% to marketing fund.

  3. Change the tokenomics to a more aggressive way: Authorize dev to increase seller's tax to a maximum 2.5% to distribute to the farming fund. Dev can change it back to 0% if market condition changes, i.e when selling is not dominant anymore. The details is as follow:

  • 5% of each buy go to holders & 2.5% to the farming fund & 2.5% to marketing fund.
  • 5% of each sell go to holders & 5% of each sell go to the farming fund and 2.5% to marketing fund. This will increase the selling tax from 10% to 12.5%, the additional 2.5% will be used to fund the farming fund & we will have a big fund sooner for buyback.

In both the 3 options the share to holders is still 10% of total transaction volume.

Please connect your wallet and vote for this change in tokenomics, your $MVC balance is your voting rights. The most voted for solution will be implemented after the voting is done on 16th Dec. Thank you Based dev

Off-Chain Vote

Keep the current tokenomics
2.46B 8.2%
Change to optimized tokenomics
6.43B 21.3%
Change to aggressive tokenomics
21.27B 70.5%
Download mobile app to vote

Timeline

Dec 13, 2021Proposal created
Dec 13, 2021Proposal vote started
Dec 15, 2021Proposal vote ended
Oct 26, 2023Proposal updated