Defibox Foundation Launches DIP7 Officially – Defibox

Dear users,

Hello! In order to further promote the stability of USN price, the Defibox Foundation officially launches DIP7. The voting time is from 19:00 on August 24, 2020 to 07:00 on August 25, 2020 (UTC). The specific information is as follows:

Governance proposal content:

Content: USN stable coin annualized rate adjustment, optional annualized rate: 6.0% (unchanged), 7.0%, 8.0% and 9.0%; if the proposal is passed. In addition, the Defibox Foundation will launch a USN interest dividend proposal and open the voting soon.

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 ≥ 28.00% 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.

Execution plan:

If an option satisfies the execution conditions, which means that the voting is successful, the Defibox Foundation will adjust the USN stable coin annualized rate according to this option at 09:00 (UTC) on August 25, 2020.

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.

Defibox community:
Overseas: https://t.me/Defibox
Chinese:

Thank you for your support and attention to Defibox!
Defibox Foundation
August 24, 2020