Proposal: STAR Token Burn (Season 1 Revenue and Hero NFT Sale)

Summary: This proposal recommends burning a total of 7,388,088 $STAR tokens, equivalent to approximately $310,300, representing about 9.24% of the current circulating supply. The burn will include:

• 2,736,156 $STAR collected via the Hero Duty App
• 2,612,197 $STAR from the Hero NFT Sale (50% of total sale revenue)
• 2,039,735 $STAR acquired during the 1st Buyback Program

Background: The StarHeroes DAO has accumulated 7,388,088 $STAR tokens through various initiatives in Season 1. Burning these tokens aims to reduce the circulating supply, potentially enhancing the token's value and demonstrating the DAO's commitment to sustainable tokenomics.

Financial Implications:

• Total $STAR to be burned: 7,388,088 $STAR
• Approximate value at $0.042 per $STAR: $310,300
• Percentage of current circulating supply (80,000,000 $STAR): 9.24%
• Reduction in market capitalization: down from ~$3,300,000 to ~$3,000,000

Voting Options:

• Yes: Approve the burning of 7,388,088 $STAR tokens.
• No: Reject the proposal to burn the specified $STAR tokens.
• Abstain: Choose not to vote on this proposal.

Conclusion: Burning these tokens is intended to positively impact the $STAR token's value and reflect the DAO's dedication to effective token management.