PROPOSAL to CEASE unlocks

Governance
1

i am proposing someone with eboigh xcn to do so makes a proposal to cease unlocking 200 million coins each month. I feel theres no need for ot being as we have no shortage of supply and doing sonwill only dillute the value of tokens therefore hurting holders

2

any idea why is it being unlocked ?

3

wow interesting proposal . will there be voting over this?

4

is this unlock being sold in market ?

5

whats the current circulating supply ?

6

Hi,

Circulating supply
29,469,583,243 XCN

1 Like
7

Hi,

The protocol unlocks token according to the whitepaper.
Note, that these XCN don’t go directly to market, but becomes available in the Treasury for the community through the proposals.

8

How does that exactly work?

9

exactly then there should be no issue with unlocks imo , also there is burning mechanism coming if im right ?

10

Hey,

Let’s wait for updated whitepaper to make things clear.

11

Is it ready to be published Alex ?

12

1st of August I think

1 Like
13

cool not too long

14

Hi,

Not yet.
Don’t have exact date.

1 Like
15

:+1: