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Ruler ProtocolRuler Protocolby0x699F7DE9a0E3AD46d492be93f17492DF3B4476180x699F…7618

Ruler Token burn extension

Voting ended over 4 years agoSucceeded

This snapshot is based on this forum post.

Summary:

The most recent proposal to extend Pool2 emissions with 1,000 RULER tokens per week until September 12th was passed by the community per the following snapshot proposal: Snapshot

Per the previous proposal to extend pool2 emissions to August 14th, it was also voted that 800 tokens a week would be burned. For reference please review the past proposal: Snapshot The most recent proposal to extend emissions did not have an option on whether or not to continue the burning of these 800 tokens per week.

Objective:

This vote is whether or not we should continue burning 800 tokens a week along with the 1,000 RULER per week Pool2 emissions until September 14th. Regardless of the outcome, Pool2 emissions will continue until September 14th.

Message from the devs:

We want the community to know, given that our token supply is quite small and being hard capped it is better to utilize our tokens as incentives to attract new users in the form of rewards. We firmly believe doing so will provide Ruler Protocol with more value than burning the tokens.

Voting Options:

For: Stop token burn Against: Continue token burn at a rate of 800 RULER/week

Off-Chain Vote

Stop token burn
30.87K 85%
Continue burning 800Ruler/week
5.46K 15%
Download mobile app to vote

Timeline

Aug 05, 2021Proposal created
Aug 05, 2021Proposal vote started
Aug 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated