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NICEENICEEby0x0A43995a095de0A53f38d7cDE95E21aCc3752C6E0x0A43…2C6E

Decrease Purchase Burn to Ten Percent

Voting ended about 5 years agoSucceeded

Once we flipped to the deflation phase, there was quite a bit of initial activity, leading to a significant burn of supply. Over the last two weeks or so this activity has declined to a slow drip while the price has dropped by about 70%. This suggests that most of the existing holders are extremely strong hands that are unlikely to sell without the price returning to much higher levels. After such a steep drop on no significant news, one might expect a relief rally, but we really have not seen that. There are several reasons for this (Bitcoin pumping is probably one), but it does appear that a 20% burn is discouraging new money from entering. I propose that we reduce the purchase burn to 10% for the remainder of the deflation phase to encourage new money to join us.

Off-Chain Vote

Decrease Purchase Burn to Ten Percent
62.72 94.9%
Keep Things Just the Way They Are, Thank You
3.39 5.1%
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Timeline

Nov 15, 2020Proposal created
Nov 16, 2020Proposal vote started
Nov 23, 2020Proposal vote ended
Oct 26, 2023Proposal updated