Netswap Emission Cutting Proposal

Dear Netswap Community,

Anytime a DeFi project such as ours launches, there’s a delicate balancing act that hits right away. On one hand, we want to reward our amazing community with exciting yields on liquidity pools and farms. On the other, an overly aggressive emissions schedule can pump too much supply too quickly, leading to a potential decline in token value. Combine that supply issue with an uncooperative market, and that decline can become steep.

There are three ways to fight back against this downtrend. One is for a bull market to emerge. Since we can’t do anything about that, let’s address the two factors which we can control, and how they relate to the utility and value of $NETT.

The first and most aggressive step that we’ve taken so far was to reduce the speed and intensity of our token emissions. We did that last month, creating a new timeline in which $NETT emissions would still remain attractive enough to ape into farms ($NETT / $METIS is one of our favorites, and one of the most lucrative), but still balanced enough to stabilize the value of $NETT.

Today, we are proposing another reduction in $NETT emissions. We want to continue to improve $NETT’s value. By releasing less supply into the marketplace, the token becomes more scarce; as any Econ 101 class teaches us, when supply dries up and demand remains the same (and/or goes up)...you know the rest.

The second step we’ve taken is to give the $NETT token a lot more utility. That increased token utility goes hand-in-hand with the increased utility of our project as a whole.

Netswap’s overarching mission has changed a lot since our December 6, 2021 launch. At the beginning, we incentivized new users to bridge tokens to the Metis Andromeda network by providing huge yields for farms and staking opportunities. Today, farming and staking are just two of many different features and functions that we offer.

Our Builder Mining Rewards Giveback Plan helps stimulate growth in the entire Andromeda ecosystem, ultimately leading to more amazing devs, cutting-edge DApps, and enthusiastic users hopping into the network.

The Netswap Launchpad has been redesigned, simplified, and upgraded, and we expect to become a gigantic source of growth for both Netswap and Andromeda, led by the next IDO on the platform, the zero-slippage OTC Trading DApp Dexpools.com.

And as our recently released 2022 roadmap shows, we’ve got tons of other goodies coming soon, including: $NETT as a governance token, a predictions market, Netswap lotteries, leveraged trading, limit orders, even an NFT marketplace! All of these features are designed to increase the functionality and value of Netswap.io, and of $NETT too.

Like many blockchain projects, Netswap highly values decentralization and is handing more and more decisions over to our community. When it comes to pumping more exciting features into our platform and our token, those are decisions that are still made by our core team.

But when it comes to deciding on another emissions reduction, that’s where you, the community, comes in. So please read all of the above, then vote on whether you’d like Netswap to follow through with its proposal to reduce $NETT token emissions.

If you have any questions, please hit us up anytime in our Telegram channel, https://t.me/netswap_officialEN

Thank you! Team Netswap

—-- VOTE: Should Netswap reduce its rate of token emissions as part of its effort to enhance the value of our $NETT token?