0x5b331eb6…8ec7sent to0x98945bc6…c48e·#11,055,209·view on Etherscan
End Inflationary BOT Rewards{"type":0,"summary":"This proposal is to end the 16 BOT per day of daily rewards that goes to governance participants (50%), transactional miners (30%) and Uniswap LP token stakers (20%) and burn the BOT in this contract.","details":"At this moment there is 23,461 BOT in the following contract 0x5beabaebb3146685dd74176f68a0721f91297d37 - The rewards are so tiny each day that they are not even worth claiming as the fees exceed the rewards for voting for nearly all users. You can clearly see this in Etherscan as the claims and interest in these inflationary BOT rewards are almost non-existent. As we are well past the bootstrap phase, transactional mining rewards are no longer needed. Fee generation revenue on Bounce Finance is HIGH (paying approximately 100% APY in ETH rewards) and sustainable from genuine commercial activity. Also, the Uniswap LP token staking reward is so small that it is irrelevant and not necessary given that BOT has significant natural liquidity on Huobi, Okex, Coinone and other exchanges. The Uniswap liquidity is also fine and the rewards aren't a factor. This proposal is to burn approximately 23,461 BOT from this contract and end the inflationary rewards. The remaining maximum supply will be approximately 76,539 (number determined at closing of vote), with 25,000 of this BOT in the Governance vault and owned by BOT holders. That 25,000 BOT is a strategic reserve of approximately $8,500,000 at $340 per BOT, which is more than sufficient for any future rewards or other activity, if required.","agreeFor":"I vote to end the 16 BOT per day daily rewards and burn the 23,000+ BOT in that contract.","againstFor":"I vote to maintain the 16 BOT per day daily rewards."}