Please vote for the new proposal to burn 15 billion XCN

[Jobish.balan]

This is what we really need. 30% of treasury fund of xcn around 15 billion tokens will be burned if this proposal passes. Please please vote for it

Link

Onyx Protocol

[alex]

I’ve stated my position on this earlier.

Reduce total supply

Timelock, $0.0024 | Onyxcoin (XCN) Token Tracker | Etherscan “The Onyx DAO was granted 15 billion XCN to utilize on advancing blockchain and web3 initiatives to create open finance opportunities via the Onyx Protocol. They are locked inside a time lock smart contract with monthly releases of 200,000,000 XCN per month.” Timelock contract will start to release tokens only from April 2024 These tokens are not in circulation, and doesn’t affect supply and demand There is no reason to burn timeloc…

[bigcheese]

I agree . why to burn tokens which are already locked ?

[MuhammadD]

Dont think its sustainable idea for a new protocol to burn all the dao treasury

[Nial]

Burns are bullish to be honest . lets go for it this time

[Zane]

Damn it failed . majority didnt liked it like budget proposal

[defitime]

wonder why anyone will not like burns . and also that big quantity

[Nial]

sadly we dint go for this . better luck next time

[F4Shark]

I am new to all this but what happens with the released tokens as from April 2024. They will never go in to supply?

[Murat3783]

There must first be an offer for cremation.

[cryptostaker]

what do you mean ?

[Adam99]

[Murat3783]

[PrinceMS]

lol

[Terra]

Its going to be 1 year of this old proposal xD