Burn $SENATE Tokens from the Incentive Pools & Company Pools

We propose burning 28,436,317 $SENATE tokens, reducing the total supply by 14.8%. Similarly to the $SIDUS token burn, the $SENATE burn will commence from the following project pools: Team pool, Reserve fund, and Partners and Advisors pool.

Let’s revisit the purposes:

The main objective of this proposal is to reduce the $SENATE token supply in circulation for further stabilization of the whole ecosystem. By burning a certain percentage of the total supply, we significantly reduce the risk of volatility and ensure it is safer for individual traders and funds to hold $SENATE. Additionally, to increase transparency and walk hand in hand with our community, the burn will include tokens allocated to the Team. We will continue contributing to our ecosystem.

Reminder! 350 SENATE tokens are necessary to cast your vote!