NEOPIN

<p>Hello NEOPIN Community,</p><p>We’re excited to share the news that the NEOPIN Improvement Proposal NIP-1, introducing the <strong><a href="https://medium.com/neopin-official/the-third-card-reveal-neopin-token-deflation-governance-vote-proposal-4997553f18e2" rel="noopener noreferrer nofollow">Automated Reallocation Mechanism (AutoRM)</a></strong>, has successfully <a href="https://neopin.io/governance/detail/?id&#61;656d90075a6b6a46c2ae3967" rel="noopener noreferrer nofollow">passed</a> with a total voting rate of 51.84%. The breakdown shows 51.81% in favor (‘YES’) and a minimal 0.03% opposing (‘NO’). We appreciate everyone who took the time to participate in this important decision.</p><h3 id="autorm-at-a-glance">AutoRM at a Glance</h3><p>In case you missed it, the AutoRM is designed to reshape NEOPIN’s tokenomics, strategically reducing the circulating supply of NPT while enhancing its value. This mechanism leverages protocol fees and node validation revenue, automatically reallocating tokens based on trading activity and operational performance.</p><h3 id="key-features">Key Features</h3><ol><li><strong>Autonomous Swap (Phase 1, Q1 2024):</strong> Utilizing node validation revenue to retrieve and reallocate NPT, offering NEOPIN community members front-running opportunities with increased reward rates in yield farming pools.</li><li><strong>Deflationary Auction (Phase 2, 2024):</strong> Allocating protocol fees for an auction, where users can bid using NPT. The highest bidder secures an asset portion of the auction, providing arbitrage opportunities for the NEOPIN community.</li></ol><h3 id="token-reallocation-resources">Token Reallocation Resources</h3><ul><li>50% of node validation revenue</li><li>40% of protocol fees</li></ul><h3 id="what-this-means-for-you">What This Means for You</h3><ul><li><strong>Scarce and Valuable NPT:</strong> AutoRM aims to reduce the supply of NPT, making each token more scarce and valuable.</li><li><strong>Increased Demand:</strong> Regular token reallocation ensures increased demand for NPT, benefiting community members.</li><li><strong>Long-Term Sustainability:</strong> AutoRM contributes to the long-term sustainability of the NEOPIN protocol by mitigating inflation risks.</li></ul><h3 id="next-steps-nip-1-roadmap-implementation">Next Steps: NIP-1 Roadmap Implementation</h3><p>With the community’s approval, the Autonomous Swap mechanism is set to kick off on-chain in Q1 2024. The Deflationary Auction mechanism is scheduled for an on-chain launch in 2024. Detailed information will be shared by the core development team during the smart contract deployment.</p><h3 id="community-governance-appreciation">Community Governance Appreciation</h3><p>This achievement marks a significant step towards a decentralized and community-driven NEOPIN. Thank you to each member who participated in the AutoRM voting process. Your engagement is crucial in shaping the future of NEOPIN.</p><h3 id="stay-tuned-for-updates">Stay Tuned for Updates</h3><p>As we move forward, stay tuned for updates on AutoRM implementation. The NEOPIN community’s voice has spoken, and together, we’re building a more robust and sustainable ecosystem.</p><p>Thank you for being a valued part of the NEOPIN community!</p><h4>&#x1f465; Join the NEOPIN Communities</h4><p><a href="https://onelink.to/5ynn8k" rel="noopener noreferrer nofollow">App</a> | <a href="https://neopin.io/" rel="noopener noreferrer nofollow">Web</a> | <a href="https://twitter.com/NeopinOfficial" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://medium.com/neopin-official" rel="noopener noreferrer nofollow">Medium</a> | <a href="https://discord.gg/neopinofficial" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://t.me/neopin_announcements" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://zealy.io/c/neopin" rel="noopener noreferrer nofollow">Zealy</a></p>

NEOPIN Tokenomics 3.0: AutoRM Proposal Passes with Community Majority Support

Table of Contents

NEOPIN

Other articles published on Dec 19, 2023

How Traditional Finance Institutions Plan to Utilize Blockchain Technology in 2024

Shiba Inu's BONE Achieves New Listing, Shocking Price Reaction Emerges

Bitcoin Under attack? Price Drop and Surge in Fees

Investment Giant BlackRock Reorganized Its Bitcoin ETF Application to the SEC

Bitcoin – Fidelity Anticipates $15 Trillion by 2030

Technical Glitch Leads to 50% Drop in Zilliqa On-Chain Transactions – What’s Going On?

Join our free newsletter for daily crypto updates!