SPORTS Token Fund Proposal: Burn Proposal

This is a proposal to send 930,461 SPORTS to @null every day effectively burning them from our supply. The goal of this proposal is to ensure that proposals with little to no approval do not get funded by the SPORTS Token Fund. This proposal will act like a base line that will absorb any SPORTS that are not reserved for higher ranked proposals.

To vote to approve this proposal please visit: https://www.sportstalksocial.com/proposals

UPDATE: Proposal will go live once Proposal for SPORTS Distribution Changes is formally approved.



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7 comments
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Wow!
This sound quite great and I think this would do a lot in helping to regulate even the token price. Burning about a million everyday is quite much though but how many does the pool produces or provides on daily basis?

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This is a proposal for the equal amount that will be distributed to the SPORTS Token Fund every day after the Proposal for SPORTS Distribution Changes gets approved. The idea is that any proposals that want to be funded will need to have more than this proposal otherwise this proposal will clear the entire daily amount and burn it. If a proposal has more support than the Burn Proposal then it will be funded before the tokens are burnt.

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Okay.
Now I understand and that's more fine but proposals would definitely come less I think.

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