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Sneaky Vampire SyndicateSneaky Vampire Syndicateby0xb5326f4de1b96b458cdD0C38841db6777E607D20booknerd.eth

This proposal is to create a requirement that the SVS Team maintain a 1:1 Burn:Mint Ratio between $PBLOOD and DAO (royalties)

Voting ended over 3 years agoFailed

This proposal is to create a requirement that the SVS Team maintain a 1:1 Burn:Mint Ratio between $PBLOOD and DAO (royalties)

Finding a balance between the two will create sustainability and underpin value behind $PBLODD.

Fundamentals

  • There is a specific amount of $PLBOOD created each week from passive staking
  • There is a specific amount of ETH added to the DAO from royalties
  • There is a specific amount of money spent on the items in the Blood Shop
  • In any given two week period the amounbt of money spent on items in the Blood Shop shall not exceed the ETH added to the DAO from royalties.
  • In this equations the amount of $PBLOOD burned should based on market value equal or exceed the market price of $PBLOOD on swaps or exchanges.

It will take time to find this balance and may take a tokenomics or data science professional to define.

$PBLOOD Burn: https://polygonscan.com/token/0x9c8919d6e97be2b8b823fffb699ef1cb3422c77f#balances (top 3 wallets)

SVS DAO: https://etherscan.io/address/0x2c65908d37bf90eaa95506b42758613f6c1b9299

Off-Chain Vote

For
820 SVS99.9%
Against
0 SVS0%
Abstain
1 SVS0.1%
Quorum:82%
Download mobile app to vote

Timeline

May 07, 2022Proposal created
May 07, 2022Proposal vote started
May 14, 2022Proposal vote ended
Oct 26, 2023Proposal updated