Burn of 180 Million ARI10 Tokens

team proposal

Product information

126Votes

317,742,857.596 ARI10

value of votes

Snapshot
35732940
Start date
6 months ago / 2024-01-31 18:27:29
End date
5 months ago / 2024-02-08 23:00:00

Cast you vote

Latest voters

Issue Statement:

To further pursue deflation as a strategy for success, the proposal is to burn 180 million ARI10 tokens. This represents over 20% of the additional supply and will be executed through daily burns of 1 million tokens over 180 days, commencing from the day of BTC halving.

Solutions:

1. Burn the Tokens:

Pros:
  • Increases token value.

  • Eliminates unnecessary token holdings by the team, advisors, etc.

  • Aligns with new tokenomics introduced in Q1.

  • Boosts community confidence in the team's commitment.

  • Signifies a significant marketing impact.

  • Rewards old holders with increased value.

2. Do Not Burn the Tokens:

Pros:

Potential arguments against the burn, with concerns about insufficient tokens for other initiatives.

Additional Info:

To proceed with the burn, a quorum of 250 million power of votes and a minimum of 100 voters are required.