RESERV3D
commented
2 years ago Token burn should relate to the volume of skypools until the complete amount of tokens (75mil) is burnt. Should it be a quarterly burn in order to make it effective for a longer period of time as we all know it'll take a miracle to boost up swingby to considerably respectable price, and we know from swingby's past, miracle has no space here right now.
arnoldinho
AizazAhmad
The proposal to burn 75 million Swingby tokens have been discussed in Discord and most if not all comments supported the proposed action.
As required by our protocols, we are creating this proposal here for a further and more formal deliberation of the burn for a period of 4 days.
The burn will not happen immediately but will be done by this year and timed closely in consultation with our external advisors and team members. Some of the suggestions we noted in the Discord discussion include burning at intervals of 10 million tokens or so and with a larger amount being burned together with important launches.
We would love to hear from all the HODLERs of Swingby such as any suggestions on how this should be paced out (in quantity and in frequency)!