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GOOD Buyback & Burn Concept


Proposal ID

608750...5285

Proposed

Jan 20th, 2024

Result details

1 address

5.29K votes

Final Votes

Quorum

5.29K of 5.84M

Majority support

Yes

For

5.29K

Against

0

Abstain

0

Actions

No onchain actions

This proposal asks for a vote with no onchain actions to carry out.

Proposal

For now it's only in the concept phase. The idea is to allocate a portion of the fees accrued from trading on the app and intended for Revenue Share to the Buyback and Burn Program. As the Market Cap is larger than Liquidity, Buyback & Burn may actually have greater positive impact for users (holders) than getting revenues itself. And as so far only esGOOD holders use the revenue share, this will be a good initiative for holders of regular GOOD tokens, thus improving the overall market condition of the project. We all know Buybacks attract new holders - users and project recognition itself.

Final Votes

Quorum

5.29K of 5.84M

Majority support

Yes

For

5.29K

Against

0

Abstain

0

Final Votes

1 address

5.29K votes

Status

Sat Jan 20, 09:59 pm

Draft created

Sat Jan 20, 09:59 pm

Published onchain

Fri Jan 26, 09:29 am

Voting period started

Fri Jan 26, 09:31 am

Voting period ended

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