Defibox Foundation Launches DIP22 Officially

Dear users, 

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

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 ≥ 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.

Execution plan:

• 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.

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

Thank you for your support and attention to Defibox!
Defibox Foundation
December 9, 2020