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SX.betSX.betby0x025b9FD9F1ed818d688e19c5F43c500bf44cEA470x025b…EA47

Burn 110,365,091 SX from Community Fund to make SX Supply = 888m

Voting ended about 2 years agoSucceeded

The community fund currently has an excessive amount of SX (396m SX i.e. ~40% of max SX supply), which is potentially putting a ceiling on the price of SX. This represents far more SX then it will likely ever issued given current liquidity mining issuance.

In a bid to further improve SX tokenomics, this proposal would lower total issuable SX supply to the highly memetic value of 888,888,888 from the current 1,000,000,000 it is now (a massive 11% decrease in total supply) This shouldn't impact SX runway in any way given that there would still be 286m SX left in the community fund.

Off-Chain Vote

Yes - burn 110m SX
26.7M WSX100%
No - status quo
0 WSX0%
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Timeline

Feb 23, 2024Proposal created
Feb 23, 2024Proposal vote started
Feb 28, 2024Proposal vote ended
Feb 28, 2024Proposal updated