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X MarketplaceX Marketplaceby0x1E8ffAD81f2Cb2f7eAAD96628E415423497f72540x1E8f…7254

Pause EveryDay Rewards on 30 April

Voting ended almost 4 years agoSucceeded

Previously the DAO voted to reduce the marketplace fee to 1.69% as part of our new tokenomics roll out. As previously discussed, the next phase is being developed with a focus on incentivizing listing activity.

The current challenge is that on 1 May, the existing tokenomics will increase the EveryDay Rewards from 6.67M X tokens to 10M X tokens daily. As we are still finishing the new tokenomics, the increase in rewards on 1 May is not an efficient use of X tokens as the intent is to ultimately change the structure.

This proposal is to discontinue EveryDay Rewards in its current form at 15:59 Saturday 30 April UTC time. We are separately planning to launch a special promotion shortly which will offset any temporary closure of EveryDay Rewards for users.

A vote "FOR" will result in turning off EveryDay Rewards at 15:59 Saturday 30 April UTC time.

A vote "AGAINST" will maintain the existing EveryDay Rewards structure, resulting in an increase in the daily X token rewards to 10M on 1 May.

Off-Chain Vote

FOR
275.28M veX100%
AGAINST
0 veX0%
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Timeline

Apr 26, 2022Proposal created
Apr 26, 2022Proposal vote started
Apr 28, 2022Proposal vote ended
Oct 26, 2023Proposal updated