veNEWO Tokenomics Transition - June 2023

This Snapshot Proposal is to confirm the veNEWO Tokenomics Transition.

The tokenomics upgrade proposal passed on June 5th, with enhanced veNEWO being the majority favourite.

To recap, the tokenomics update includes the following:

• veNEWO holders are recipients of a fixed 20% of Tokens allocated to New Order DAO from Incubation activities.

• 20% of Treasury yield will be used to buyback NEWO and distribute to fund veNEWO staking rewards

Please follow the link below to learn more about the proposal in detail.

NOTE: The proposal is going to be live for a 72 hour voting period where veNEWO holders can vote on the choice whether to implement the transition with the structure below.