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YamYamby0x6E1368C42c9cB0a51A55228BF2de2c4738e83A600x6E13…3A60

Reduce the YamV2 supply by denomination

Voting ended over 5 years agoFailed

YamV2 can act as the governance token and for this to gain value overtime and people holding it as an asset, we need to reduce the supply. It can be done by denominating in the ratio of 1:10

Example, the total supply can be reduced 10 times, and each of them holding the token will be reduced 10 times but the value will be the same. If I have 10 tokens worth $10, I can have the same value with 1 token.

In this way, it will meet more demand, supporting the protocol as whole. We have a huge community and as investors we would like to see YamV2 gaining value upon adoption.

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Timeline

Aug 24, 2020Proposal created
Aug 24, 2020Proposal vote started
Aug 27, 2020Proposal vote ended
Jan 23, 2024Proposal updated