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APE DAOAPE DAOby0xe7a8A504a82f0A829656261A54d0443F85e19604shockerman.eth

Should we Burn repurchased $APED?

Voting ended about 4 years agoSucceeded

We have passed the vote to buy back undervalued $APED, and we should vote on how we handle that $APED.

We could (a) Hold it in the DAO treasury or (b) Burn it

Burning the APED reduces supply and will reduce the market cap of the token. This will hypothetically make the token appear more valuable to someone analyzing it on Dex Tools or a site that shows the token fundamentals.

Holding the APED gives us the opportunity to resell the tokens to generate ETH for the DAO.

If we choose to burn the APED and later needed more tokens, we could likely vote to 'mint more tokens' on NIFTEX

Off-Chain Vote

Hold APED in Treasury
62.02K 19%
Burn APED
265.09K 81%
Download mobile app to vote

Timeline

Dec 19, 2021Proposal created
Dec 19, 2021Proposal vote started
Dec 21, 2021Proposal vote ended
Feb 27, 2024Proposal updated