The Defibox Foundation Launches DIP17 Officially – Defibox

Dear users,

Hello! In order to further stabilize the USN price and for the long-term development of USN stable coin, combined with community users' feedback, the Defibox Foundation launches the DIP17 officially. The voting time is from 19:00 (UTC) on November 17, 2020 to 07:00 (UTC) November 18, 2020. The specific information is as follows:
Proposal content:

BOX mining has been upgraded from USN generation mining to USN application mining.
The first batch of USN application mining will support the market making of Defibox Swap liquidity pool. You can get the USN application reward BOX by adding liquidity in the designated USN liquidity pool; in the future, we will seek more application scenarios to support more USN stable coin application mining.
This proposal hopes to promote the healthy development of USN stable coin by adjusting the USN mining method. The current mode of mining by staking to generate USN is too biased on the scale of USN issuance, and it is not conducive to the price stability of USN. We hope that the USN stable coin can expand more application scenarios, promote the positive growth of the issuance scale, and achieve sustainable development while maintaining the price stability.

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, it means that the vote is successful, and the Defibox Foundation will adjust the USN stable coin mining according to the option. For the specific adjustment time and more information, please follow the official announcement.

Additionally：

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
November 17, 2020