Postpone voting on the 100M DAO tokens again?

[grumlin]

@przemer
Nothing to add, honestly.

@SuperchainEco

(Arbitrum has $1,5B, Optimism has $1,7B, and Gnosis has 947M in their tokens).

45mln + 15mln(the rest from migration) * 30$ = 1.8B$. It’s more than enough!

[Filmmaniak]

Even if burning won’t change much it is always worth burning tokens considering how much they printed and gave away making all lisk holders poor. Community is not existing, maximum pain was reached long time ago and now it’s all about creating new community. And we are out of top 500…

[grumlin]

Tick tock, tick tock

[Jujuboy]

@przemer

There’s little use for the 100M LSK if its value continues to decrease.

One would think this to be a no brainer. Real value lies in the $$ value of the treasury and not the amount of tokens in it. Even if burning doesn’t affect prices positively, at least it removes the potential of any negative effects on the market.

You’d literally have a smaller treasury by keeping more tokens.

[Jujuboy]

@SuperchainEco

I’m wondering what those in favor of the burn think the course of action should be in case we decide to burn the 100M and it doesn’t result in significant increase of LSK price? How do you imagine Lisk and LSK to grow in the absense of operation budgets?

The 100M in question is not for “Operational budget”.
Correct me if I’m wrong but it is my understanding that this 100M is meant to be an extension of the DAO treasury should we vote to keep it.

My recommendation would be to favor initiatives that increase $LSK value or at least halt it’s depreciation - starting with BURNING 100M from supply.

We need more $$ per $LSK, not more $LSK supply.

So far, we’ve worked on TVL growth in DAO season 1. Next steps should be to fix tokenomics and reduce inflation - that’s where this burn comes in.

We know the DAO needs funds, we also recognize the need to fund operations. The only dispute here is how we fund it.

To those who want to keep 100M $LSK, I’d like to know your thoughts on the following:

1. What’s the anti-inflation strategy.
2. What’s the assurance that we could turn things around in time to match the market reaction.

if we spend too fast from treasury, we will undermine long term investors and risk inefficiency due to hastened funding and project execution - we all know it takes time to achieve good results. Spend slowly? we’ll be left holding large amounts of tokens worth less than half their current value - which inevitably brings us right back to where we were before the vote (or worse).

Burning on the other hand will be a big signal, big news that’ll catch the attention of the entire ecosystem. Match that with some novel defi project announcements and you’ll have a stream of new users flowing in. $LSK prices will be better for it, and so will the DAO treasury.

[Filmmaniak]

You joined us too late my friend, this project is terminated.

[grumlin]

Do you want to be blocked here? Stop spamming — it’s not related to the topic. Don’t go off-topic; use Discord or Telegram if you just want to chat.