Sweat Economy

Million

April

Sweat Economy &#8211; the team behind the SWEAT token revealed that there&#8217;s a brand new Web3 governance proposal aimed at enabling the community decide the faith of a whopping 100 million of its native tokens.
<ul>
<li>The vote is set to take place on April 18th, and it will give the community the authority to determine how to deal with 100 million SWEAT tokens.</li>
<li>The community will decide what part of that should go to reward long-term stakers and what part of it will be burned.</li>
<li>The interesting thing is that everyone with liquid tokens will be able to vote, meaning that those who have their SWEAT staked won&#8217;t be able to participate. One token will represent one vote.</li>
<li>Speaking on the matter, Oleg Fomenk, co-founder of Sweat Economy, said:</li>
</ul>
<blockquote>We believe that everyone should have a say in the direction of our company, regardless of the amount of tokens they hold, their knowledge of Web3 governance or wallet connection. Our innovative vote mechanism will make it easy for anyone to have a voice and participate in the decision-making process.&#8221;</blockquote>
<ul>
<li>According to the press release shared with CryptoPotato, there will be five denominations denoted in percentages: 0%, 25%, 50%, 75%, and 100%. If the result of that vote is to distribute a part of the funds, the average of the selected denominations will be calculated post the voting window. Those who stake in the app for a 12-month period will receive a proportional amount of tokens from the 100M token pool.</li>
</ul>
The post <a href="https://cryptopotato.com/100-million-sweat-tokens-burn-new-governance-proposal-seeks-community-input/" rel="nofollow">100 Million SWEAT Tokens Burn? New Governance Proposal Seeks Community Input</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

100 Million SWEAT Tokens Burn? New Governance Proposal Seeks Community Input

CryptoPotato_News

Other articles published on Apr 18, 2023

S. Korea Successfully Foils Cyber Attack by US-Sanctioned Lazarus Group: Report

SEC Chair Caught Praising Algorand, Now Calls It A Security

Nearly $2 Billion in Ethereum ($ETH) Are Waiting to Be Unstaked, Blockchain Data Shows

OVER Avatars powered by Artificial Intelligence set to change gaming forever

SwissBorg Raises over €20M with Revolutionary Community-Centric Fundraising

Gala Games Announces Airdrop of GALA Token Version 2 on May 15

Join our free newsletter for daily crypto updates!