The Voting Result of DIP13 – Defibox

Dear users,

Hello! The voting time for DIP13 has ended, and the voting result is now announced as follows:

Governance proposal content:

Proposal 1（Keep the existing token model unchanged）

Total supply: 100 million BOX；
Token distribution method: 70% is used for mining incentives；22.5% is distributed to the Defibox Foundation account for product development, operation and promotion, team incentives, risk reserves, etc. 7.5% is distributed to Newdex account as a reward for Newdex funding；
Swap 0.1% transaction amount distribution method: 50% is distributed to the Defibox Foundation account；50% is used for BOX staking dividends；
USN interest distribution method: 50% is distributed to the Defibox Foundation account；50% is used for BOX staking dividends；
USN liquidation penalty distribution method: 50% is distributed to the Defibox Foundation account；50% is distributed to the dividend account for BOX staking dividends；
Decentralized lending fees distribution method: 50% is distributed to the Defibox Foundation account; 50% is used for BOX staking dividends;
Defibox Foundation participates in BOX staking, but only participates in voting governance, and does not participate in staking dividends；

proposal 2

Total supply: 5 million BOX
After the total BOX supply reaches 1 million, the new token model will be executed according to the following plan;
Token distribution method: the remaining 4 million BOX will all be used for mining incentives, and the Defibox Foundation and Newdex will no longer participate in the distribution of the remaining 4 million BOX;
Cancel BOX staking dividends;
Swap 0.1% transaction amount distribution method: 75% is distributed to the Defibox Foundation account；15% is used for BOX buy-back and burning；10% is used for NDX buy-back and burning；
USN interest distribution method: 75% is distributed to the Defibox Foundation account；15% is used for BOX buy-back and burning；10% is used for NDX buy-back and burning；
USN liquidation penalty distribution method: 75% is distributed to the Defibox Foundation account；15% is used for BOX buy-back and burning；10% is used for NDX buy-back and burning；
Decentralized lending fees distribution method: 75% is distributed to the Defibox Foundation account; 15% is used for BOX buy-back; 10% is used for NDX buy-back and burning;
Bought-back BOX: directly burned or used for BOX staking rewards and other purposes;

Proposal 3

Total supply: 5 million BOX
After the total BOX supply reaches 1 million, the new token model will be executed according to the following plan;
Token distribution method: 70% is used for mining incentives；22.5% is distributed to the Defibox Foundation account for product development, operation and promotion, team incentives, risk reserves, etc. 7.5% is distributed to Newdex account as a reward for Newdex funding；(Keep the existing distribution method unchanged)
Swap 0.1% transaction amount distribution method: all (100%) are used for BOX staking dividends；
USN interest distribution method: all (100%) are used for BOX staking dividends；
USN liquidation penalty distribution method: all (100%) are used for BOX staking dividends；
Decentralized lending fees distribution method: 100% is used for BOX staking dividends;
BOX token realizes complete “same right when holding same token”: BOX token holders and Defibox Foundation can participate in staking dividends and voting governance, and each BOX token enjoys the same economic benefit and voting right;

Proposal 4

Total supply: 5 million BOX
Token distribution method: 70% is used for mining incentives；22.5% is distributed to the Defibox Foundation account for product development, operation and promotion, team incentives, risk reserves, etc. 7.5% is distributed to Newdex account as a reward for Newdex funding；(Keep the existing distribution method unchanged)
Swap 0.1% transaction amount distribution method: 50% is distributed to the Defibox Foundation account；50% is used for BOX staking dividends；(Keep the existing distribution method unchanged)
USN interest distribution method: 50% is distributed to the Defibox Foundation account；50% is used for BOX staking dividends；
USN liquidation penalty distribution method: 50% is distributed to the Defibox Foundation account；50% is distributed to the dividend account for BOX staking dividends
Decentralized lending fees distribution method: 50% is distributed to the Defibox Foundation account; 50% is used for BOX staking dividends;
Defibox Foundation participates in BOX staking, but only participates in voting governance, and does not participate in staking dividends；

Voting result:

The proportion of the total votes of the proposal to the total BOX staking amount (abbreviation: proposal participation): 59.51%;
The received votes of Option C (Proposal 3) accounted for 99.53% of the total votes of the proposal;

DIP13 has met the execution conditions. The Defibox Foundation will adjust the BOX token model according to Option C (Option 3) when the BOX supply reaches 1 million. In addition to the USN earnings distribution, BOX distribution and the distribution of Swap 0.1% transaction volume will take effect immediately when the BOX supply reaches 1 million.
The USN earnings distribution has entered the product development stage immediately after the voting is successful. However, due to the complexity of the development and for safety reasons, it will be launched after sufficient testing and auditing. Please be patient. In addition, the new version of Defibox's whitepaper will be revised and released as soon as possible according to option 3.

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

Thank you for your support and attention to Defibox!
Defibox Foundation
September 27, 2020