Defibox Foundation Launches DIP8 and DIP9 Officially – Defibox

Dear users,

Hello! In order to further promote the stability of USN price, the Defibox Foundation formally initiated the USN stable coin related governance proposal and open the voting. The specific information is as follows:

DIP8:

USN stable coin annualized rate adjustment, optional annualized rate: 9.0% (unchanged), 10.0%, 11.0% and 12.0%.
Voting time: 16:00 (UTC) August 27, 2020 to 04:00 (UTC) August 28, 2020

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 28, 2020.

DIP9:

The release rules of USN generation mining are adjusted. The release is adjusted to 0.032 BOX per second from the original 0.064 BOX per second, and the release ends in about 5 years.
Voting time: 16:00 (UTC) August 27, 2020 to 04:00 (UTC) August 28, 2020

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.

Execution plan:

If an option satisfies the execution conditions, which means that the vote is successful, the Defibox Foundation will adjust the USN generation mining release rules according to this option at 09:00 (UTC) on August 28, 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 27, 2020