Defibox Foundation Launches DIP5 Officially

Dear users, 

Hello! In order to balance the depth of Defibox liquidity pool, based on the data of the average daily trading volume of Newdex in the past 30 days, the Defibox Foundation officially launches DIP5. The voting time is from 19:00 (UTC) on August 19, 2020 to 07:00 (UTC) on August 20, 2020, the specific governance proposal content is as follows:

Governance proposal content:

• Adjust the market-making mining weight of Defibox Swap liquidity pool, and propose four market-making mining weights: 1.0, 1.2, 1.5 and 2.0, of which the weight 2.0 is only used when individual liquidity pools hold short-term activity. The weight adjustment plan for market-making mining is as follows:

(This adjustment only applies to market-making mining, and transaction mining weights remain unchanged)

Execution conditions:

• The total votes of the proposal must account for ≥ 30% of the total BOX staking amount; (abbreviation: proposal participation)
• The votes for an option must ≥ 55.00% of the total votes of the proposal;
• The Foundation will start execution after the vote is successful;
•  Proposals that do not meet the execution conditions after the voting ends will be cancelled.

Voting time description:

• 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 Foundation
August 19, 2020