Burn $SIDUS Tokens from the Incentive Pools & Company Pools
We propose burning 2,433,598,196 $SIDUS tokens, reducing the total supply by 11.4%.
The burn will commence from the incentive pools (DAO and Module Economy), as well as the project pools (Reserve fund and Team). Here are the main objectives:
🔘First and foremost, we strive to reduce the $SIDUS token supply in circulation for further stabilization. This way, individual traders and funds can enter the market without the added risks of sell-off volatility.
🔘As mentioned, along with the incentives pool, the burn will include tokens allocated to the Team. We are thrilled to contribute to our ecosystem in any way we can, and the Team token burn can help to balance out the Sidus Economy.
🔘Important note! This proposal also includes a suggestion to burn unclaimed $SIDUS and $SENATE tokens that were acquired from Seed, Private, Pre-Public, and Public sales. If voted in, this event will also give users 3 months to claim their tokens. Once the deadline is met, the tokens will be burned. Follow the link and claim now! https://vesting.sidusheroes.com/
Reminder! 350 SENATE tokens are necessary to cast your vote!
Off-Chain Vote
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- Author
0xA85c…b30C
- IPFS#bafkreih
- Voting Systemsingle-choice
- Start DateNov 26, 2024
- End DateNov 29, 2024
- Total Votes Cast2.31M SENATE
- Total Voters68
Timeline
- Nov 26, 2024Proposal created
- Nov 26, 2024Proposal vote started
- Nov 29, 2024Proposal vote ended
- Nov 29, 2024Proposal updated