Hello! Based on the DIP21 and combined with community discussions, the Defibox Foundation officially launches the DIP22. The voting time is from 09:00 (UTC) December 10, 2020 to 09:00 (UTC) December 11, 2020. The specific information is as follows:
Governance proposal content:
According to the content of the DIP21, if the proposal is passed by voting, the BOX token (about 5.8% of total BOX amount) originally given to Newdex as feedback will be taken back. Therefore, after full discussion in the community, the Defibox Foundation plans to launch a period saving system BSS (BOX Saving System), and use the taken-back BOX (release 7.5% simultaneously of the released amount) to reward users who lock BOX, encouraging regularly locking BOX, so that BOX taken back from Newdex can be fully used , and also can improve the price stability of BOX.
BSS: According to the different locking periods, multiple BOX period locking pools are set up, and corresponding to different locking reward weights.
Locking reward rules:
- The BOX reward amount obtained per second for users who regularly locked = the total BOX reward amount per second in BSS × the proportion of your locked BOX amount to the total locked amount in BSS;
- The total BOX reward amount per second in BSS = the total release amount per second of the entire site * 7.5%;
- The proportion of your BOX locked amount to the total locked amount in BSS = your locked BOX amount × the locked reward weight ÷ ∑ (BOX locked amount in each period locking pool × the locking reward weight);
- The period locking reward with real-time statistics and automatic accumulation can be claimed at any time.
Locking period and locking reward weight:
Option 1: 30-day locking period (1.0 locking reward weight), 90-day locking period (1.5 locking reward weight), 180-day locking period (2.5 locking reward weight), 360-day locking period (4.0 locking reward weight)
Option 2: 90-day locking period (1.0 locking reward weight), 180-day locking period (2.0 locking reward weight), 360-day locking period (4.0 locking reward weight)
Option 3: Do not launch BSS, and temporarily not use the taken-back BOX token
- 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 ≥ 35.00% 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.
If one of the proposals satisfies execution conditions, it means a successful voting. Defibox Foundation will execute the proposal. For the details of execution time and other information, please follow the official announcement.
Voting time description：
- If DIP21 is not passed, the DIP22 will be automatically cancelled;
- After the launch of BSS, the Foundation will launch a saving certificate as soon as possible, so that locking users can obtain funds by selling the saving certificate in the secondary market;
- 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!
December 9, 2020
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