The Voting Result of DIP22

Dear users,

Hello! DIP22 has ended, and the voting result is now announced 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

Voting result:

• The proportion of the total votes of the proposal to the total BOX staking amount (abbreviation: proposal participation): 41.89%;
• The received votes of Option B (Option 2: 90 days, 180 days, and 360 days) accounted for  74.67% of the total votes of the proposal;

The DIP22 proposal has met the execution conditions. The Defibox Foundation will set up a BSS period saving system in accordance with Option B (Option 2: 90 days, 180 days and 360 days). The development of related features involved in the proposal will begin immediately. For the specific launch time and more information, please follow the official announcement.

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

Thank you for your support and attention to Defibox!
Defibox Foundation
December 11, 2020