LISTA DAO proposes to reduce the supply of LISTA Tokens from 1 billion to 800 million by permanently destroying 20% of the Tokens.
The proposal also includes adjusting the allocation of 40% of locked Tokens to rewards for veLISTA holders and DAO operational funding. Voting will take place from August 11 to August 14, with the mode of staking LISTA to participate.
MAIN CONTENT
The proposal to destroy 200 million LISTA Tokens reduces the total supply to 800 million.
The allocation of 40% of locked Tokens is flexibly adjusted for veLISTA holders and the DAO fund.
The voting period is from August 11 to August 14, and users stake LISTA to participate.
What changes does LISTA DAO propose regarding the supply of LISTA Tokens?
LISTA DAO has proposed LIP 021 to reduce the total supply of LISTA from 1 billion to 800 million Tokens by permanently destroying 200 million Tokens, accounting for 20% of the total existing amount.
This supply reduction aims to create greater demand and sustainable value for the Token while optimizing Token allocation within the DAO ecosystem.
How will the adjustment of the allocation of 40% of locked Tokens be implemented?
The allocation of 40% of previously locked Tokens will no longer be fixed but will be flexibly transferred to rewards for veLISTA holders and the DAO operational fund.
This aims to maximize community participation through the veLISTA mechanism and facilitate the ongoing operation and overall development of the DAO.
What is the time and method of voting to pass the proposal?
The voting process for LIP 021 will take place from August 11 to August 14. To participate, users need to stake LISTA Tokens to express their voting rights.
This format helps increase transparency and openness while promoting consensus within the community regarding important decisions related to the project.
The adjustment of the supply and Token allocation is seen as a strategic move to balance the interests of users and the long-term development of the DAO.
Blockchain expert Nguyen Van An, 2024
Frequently Asked Questions
What impact does the destruction of 20% of LISTA Tokens have?
Destroying Tokens reduces supply, which can increase the value of remaining Tokens due to supply-demand mechanisms.
What is the new allocation for veLISTA holders?
Rewards for veLISTA holders are flexibly adjusted to encourage long-term Token holding.
How to participate in voting for LIP 021?
Users need to stake LISTA Tokens within the period from August 11 to August 14 to have voting rights.
How does the DAO fund allocation change?
The 40% locked Token portion will be allocated to both veLISTA rewards and the DAO operational budget, rather than being fixed as before.
Is the voting decision-making immediate?
The voting results will consider the majority opinion to proceed with official changes on the DAO.
Source: https://tintucbitcoin.com/lista-dao-de-xuat-dot-20-token/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news on cryptocurrency markets and not miss any important information!
