The Balanced community discusses the proposal to "coordinate incentives between Balanced and ICON"
Balanced has posted on the X platform that the community is discussing the proposal to "coordinate incentives between Balanced and ICON". ICON proposes:
- Provide network liquidity and incentives;
- Initiate liquidity of at least 10 million ICX from its treasury;
- Purchase all BALN from the DAO fund and lock it for 4 years.
In return, Balanced will use 50% of its revenue to permanently purchase and destroy ICX. bBALN holders control the remaining 50% of revenue and can vote on its allocation. Balanced expects to be financially self-sufficient, so most of the revenue will be used to fund product development and operations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Donald Trump intends to make cryptocurrency a national priority; Details
Top Cryptocurrencies Price Analysis Today: $BTC, $ETH, $XRP, $ADA, $SOL, $DOGE and $SHIB
Solana Proposal Seeks to Transform $SOL into Deflationary Currency
Dogecoin Heads for $3 as Whales Buy 200 Million DOGE in 48 Hours