Hello! Regarding the "Defibox DAO Board Announcement on “3.29” BOX Price Fluctuation Event", regarding the measures: reduce the proportion of BOX destruction, increase the proportion of BOX/EOS market-making pools, in order to improve liquidity, and now launch a proposal vote:
Based on the actual situation and community discussions, the proposed proposal is as follows:
- Reduce the BOX burning ratio and increase the BOX/EOS market-making pool ratio to improve liquidity
- Adjusted from the original 45% burning, 5% automatic market making to 40% burning, 10% automatic market making
We hope that every user who holds BOX tokens can participate in the governance of the Defibox project and help the development of Defibox!
- The total votes of the proposal must account for ≥ 10.00% of the total valid BOX votes; (abbreviation: proposal participation)
- The votes for an option must ≥ 55.00% of the total votes of the proposal;
- After the voting is successful, the Defibox executive team will start to execute;
- Proposals that do not meet the execution conditions after the voting ends will be cancelled.
If one option satisfies execution plan, it means a successful voting. Defibox will start execution after the vote is successful. For the latest information, please follow the official announcement.
- After the governance proposal is officially announced, it is not allowed to vote during the publicity period;
- Voting will be open after the publicity period ends. Please vote within the valid time.
Thank you for your support and attention to Defibox!
Defibox Project Executive Team
April 11, 2023