0x5b331eb6…8ec7sent to0x98945bc6…c48e·#11,021,659·view on Etherscan
Burn 50000 Gov Vault BOT{"type":0,"summary":"Reduce the amount of the Governance Vault treasury to 25000 BOT from 75000 BOT by burning 50000 BOT. This will reduce total supply to 100000 BOT.","details":"The Governance Vault located at 0xda67595745f74860f3360fedf744cee7293d2daf holds 75000 BOT, which today is valued at $25,000,000 (at $330 per BOT). It is owned by BOT token holders. I believe it represents a price overhang on the value of BOT. The amount is unnecessary and the way it has been sold in the market has been a concern and impacted BOT price greatly. I believe that 25000 BOT is more than sufficient for the Governance Vault treasury. This is $8,250,000 today in value. Bounce Finance is unique in that the protocol generates substantial revenue in Ethereum (non-inflationary) and a $25,000,000 treasury is unnecessary in my opinion. I propose to burn 50000 BOT, which will leave a Governance Vault treasury of 250000 BOT and the maximum total BOT supply will be 100000,.","agreeFor":"I vote to burn 50000 BOT in the Governance vault","againstFor":"I vote to not burn 50000 BOT in the Governance vault"}