🚀 Whypad Announces Major Token Burn And Brand Upgrade
#WHYPAD #TokenBurn #BrandUpgrade #CommunityVote #Ecosystem #MarketValue #BNX #BNBChain #MemeProjects #StrategicPartnership
According to Odaily, WHYPAD has announced a community vote to burn 85% of its tokens, amounting to approximately $20 million worth of WHYPAD tokens. The official statement emphasized the importance of user opinions in this decision, aiming to ensure the long-term health of the ecosystem. The WHYPAD team highlighted that this token burn is a significant milestone in the project's development and a testament to their long-term commitment to the platform's ecosystem. By reducing the circulating supply, WHYPAD aims to enhance the market value and stability of the token, laying a solid foundation for future ecosystem expansion.
In addition to the token burn, WHYPAD is set to undergo a brand upgrade. The project will collaborate with BNX (BinaryX) for a comprehensive rebranding effort and form a deep strategic partnership with BNX's upgraded Four project. This collaboration will enable WHYPAD to leverage BNX's robust ecosystem support and resource network, further increasing its influence on the BNBChain. The partnership is expected to bring more innovative Meme projects and development opportunities to users.#WHYPAD #TokenBurn #BrandUpgrade #CommunityVote #Ecosystem #MarketValue #BNX #BNBChain #MemeProjects #StrategicPartnership
🚀 DOGS Community Allocates $15 Million for Charity, Development, and Token Burn
#DOGS #charity #development #tokenburn #communityvote #cryptocurrency #sustainability
According to Odaily, the DOGS official Telegram channel announced that following a community vote, $15 million, equivalent to 3.2% of the total DOGS token supply, will be allocated for various purposes. The distribution includes 6,067,155,960 DOGS tokens (approximately $5,217,000) for charitable donations, 7,021,719,223 DOGS tokens (approximately $6,038,000) for future development, and 4,782,643,870 DOGS tokens (approximately $4,113,000) to be burned.
The tokens allocated for charity and future development will be subject to a one-year lock-up period. This measure aims to ensure that donations and investments are made wisely, contributing to the project's growth and sustainability.#DOGS #charity #development #tokenburn #communityvote #cryptocurrency #sustainability
🚀 Polkadot's Expenditure At Token2049 Singapore Disclosed
#Polkadot #Token2049 #Singapore #Expenditure #Sponsorship #BoothFees #DemandGeneration #TravelExpenses #Merchandise #Photography #Videography #DAO #CommunityVote #DOT
According to PANews, Eric Holst from the Polkadot community has revealed the total expenditure for Polkadot at the Token2049 event in Singapore, amounting to $387,772. The breakdown of costs includes $199,500 for sponsorship, $100,000 for booth fees, $25,000 for demand generation activities, $20,000 for travel expenses, $10,000 for merchandise, $5,000 for photography and videography, and other miscellaneous expenses. These funds were sourced from the Events Bounty and OpenGov Treasury, with the proposal being approved through a DAO community vote.#Polkadot #Token2049 #Singapore #Expenditure #Sponsorship #BoothFees #DemandGeneration #TravelExpenses #Merchandise #Photography #Videography #DAO #CommunityVote #DOT
🚀 Viction Announces Hard Fork Upgrade And Increased Token Supply
#Viction #HardFork #TokenSupply #VICtokens #Upgrade #EcosystemPlan #MasternodeIncentives #CommunityVote #Tokenomics
According to Odaily, Viction has announced plans for a hard fork upgrade scheduled for October 15, 2024. This upgrade will result in an increase in the total supply of VIC tokens from 100 million to 210 million, to be distributed over the next 16 years. On the same date, the team will add 20 million VIC tokens to the circulating supply to support the first round of the ecosystem plan starting in the fourth quarter of 2024. The community will vote on how to utilize these funds.
The upgraded tokenomics will focus on several key areas, including masternode incentives and an ecosystem fund. This fund will be used for strategic partnerships, research and development, and providing grants to builders and the community.#Viction #HardFork #TokenSupply #VICtokens #Upgrade #EcosystemPlan #MasternodeIncentives #CommunityVote #Tokenomics
🚀 DYdX Community Approves Addition Of Cetus Protocol
#DYdX #CetusProtocol #CETUS #cryptocurrency #blockchain #communityvote #DYDX
According to PANews, the dYdX Foundation announced on the X platform that the dYdX community has voted to add the Cetus Protocol (CETUS) to the platform. The proposal received overwhelming support, with a 93.86% approval rate.#DYdX #CetusProtocol #CETUS #cryptocurrency #blockchain #communityvote #DYDX
🚀 DYdX Community Approves Support For Zebec Network
#dYdX #ZebecNetwork #ZBCN #cryptocurrency #blockchain #communityvote #DYDX
According to Odaily, the official governance page reveals that the dYdX community has voted to add support for Zebec Network (ZBCN) on the platform.#dYdX #ZebecNetwork #ZBCN #cryptocurrency #blockchain #communityvote #DYDX
🚀 Terra Luna Classic Community Approves New Tax Proposal To Simplify Blockchain Tax System
#TerraLunaClassic #taxproposal #blockchain #ReverseCharge #DApp #taxsystem #communityvote #developers #endusers
According to Odaily, the Terra Luna Classic community has voted to approve a new tax proposal aimed at simplifying the tax system on the Terra Classic blockchain. This 'Reverse Charge' mechanism changes the way taxes are deducted in transactions, making it easier for developers and users to utilize the system.
The new mechanism will deduct taxes directly from the transaction amount before it is credited to the recipient's wallet. This change eliminates the need for the sender to pay additional taxes, providing convenience for both developers and end-users. In this system, taxes are deducted directly from the transfer amount, so DApp and interface developers do not need to manage complex tax processes.
The new tax system also supports backward compatibility, allowing DApps to continue using the sender-based tax handling as needed.#TerraLunaClassic #taxproposal #blockchain #ReverseCharge #DApp #taxsystem #communityvote #developers #endusers
🚀 DYdX Community Approves $4 Million Allocation for Ecosystem Development
#dYdX #DeFi #EcosystemDevelopment #Treasury #CommunityVote
According to Foresight News, the decentralized derivatives protocol dYdX community has voted to allocate $4 million from the treasury subDAO assets to support its ecosystem development plan.#dYdX #DeFi #EcosystemDevelopment #Treasury #CommunityVote
🚀 dYdX Foundation Initiates Vote on Software Upgrade to Version 8.0
#dYdX #softwareupgrade #communityvote #dYdXChain #version8.0 #blockchain #cryptocurrency #DYDX
According to Odaily, the dYdX Foundation has initiated a community vote to decide on upgrading the dYdX Chain software to version 8.0. The voting process is scheduled to conclude on January 21, 2025, at 10:45 UTC.#dYdX #softwareupgrade #communityvote #dYdXChain #version8.0 #blockchain #cryptocurrency #DYDX
🚀 Cetus Protocol Plans Full Compensation for Hack Victims
#CetusProtocol #SuiBlockchain #hack #compensation #communityvote #recovery #trust #resilience #SUI #CETUS
According to Odaily, the Sui blockchain protocol, Cetus Protocol, has announced its readiness to fully compensate for assets stolen in a recent hack. The compensation will be funded through its own resources, token treasury, and a crucial loan from the Sui Foundation. If an upcoming community vote is approved, affected users could receive 100% reimbursement.
Cetus Protocol emphasized that while the compensation process depends on the vote's outcome, the recovery efforts will commence immediately after the results are announced, regardless of the vote. The company has pledged to release a detailed plan for the recovery process.
The official statement included an apology for the incident's impact and urged the Sui community to unite in restoring trust and resilience within the ecosystem.#CetusProtocol #SuiBlockchain #hack #compensation #communityvote #recovery #trust #resilience #SUI #CETUS
🚀 dYdX Community to Vote on Compensation Proposal Following Service Disruption
#dYdX #compensation #serviceinterruption #liquidation #communityvote #PANews #cryptocurrency #traders
According to PANews, the dYdX community is set to vote on a proposal to allocate $462,000 in compensation. This initiative aims to reimburse traders affected by an eight-hour service interruption during a significant liquidation event last month. The proposal seeks to address the financial impact experienced by users due to the unexpected downtime.#dYdX #compensation #serviceinterruption #liquidation #communityvote #PANews #cryptocurrency #traders
🚀 LayerZero Community Fails to Pass Protocol Fee Activation Vote
#LayerZero #CommunityVote #ProtocolFee #Quorum #ZRO #ForesightNews #Blockchain #Crypto
According to Foresight News, the LayerZero community's vote on whether to activate the protocol fee mechanism did not pass due to insufficient quorum. The next vote is scheduled to take place in six months. The proposal included a decision on whether to activate the LayerZero protocol fee mechanism, which would impose a fee on each LayerZero message not exceeding the cost of verification and execution. The collected fees would be converted into ZRO and subsequently destroyed.#LayerZero #CommunityVote #ProtocolFee #Quorum #ZRO #ForesightNews #Blockchain #Crypto
🚀 dYdX Foundation Approves Insurance Fund Allocation for DAO Support
#dYdX #DAO #insurancefund #USDC #subDAO #ecosystemdevelopment #governancesupport #communityvote #treasury #protocolsafety
The dYdX Foundation has announced the approval of community on-chain vote #372, which permits the use of the insurance fund to support the DAO. According to Foresight News, the proposal involves transferring 10 million USDC from the dYdX chain insurance fund to three different entities. Specifically, 2.5 million USDC will be allocated to the dYdX operations sub-DAO for operational funding, 5 million USDC will be transferred to the dYdX treasury sub-DAO as discretionary reserves, and 2.5 million USDC will be directed to the dYdX Foundation for ecosystem development and governance support. The insurance fund currently holds approximately 17 million USDC, with around 7 million USDC reserved as a protocol safety buffer.#dYdX #DAO #insurancefund #USDC #subDAO #ecosystemdevelopment #governancesupport #communityvote #treasury #protocolsafety