The Balanced community discusses the proposal to "coordinate incentives between Balanced and ICON"
Balanced has posted on the X platform that the community is discussing the proposal to "coordinate incentives between Balanced and ICON". ICON proposes:
- Provide network liquidity and incentives;
- Initiate liquidity of at least 10 million ICX from its treasury;
- Purchase all BALN from the DAO fund and lock it for 4 years.
In return, Balanced will use 50% of its revenue to permanently purchase and destroy ICX. bBALN holders control the remaining 50% of revenue and can vote on its allocation. Balanced expects to be financially self-sufficient, so most of the revenue will be used to fund product development and operations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Russian Ministry of Energy proposes to create a register of mining equipment
Anthony Scaramucci Compares Memcoins to the Porn Industry
Trivago users will be able to choose Travala hotels and pay with cryptocurrency
Cardano CEO Unveils Nintendo Emulator, IP, and NFT Licenses
Cardano founder Charles Hoskinson has exciting news for gaming and blockchain fans alike.