The endless burn of BOX token with the massive Defibox Protocol revenue
Chinese at bottom
You have already heard of it, right? Yield+ is a success!
The liquidity incentive program that was inspired by the most successful DeFi incentive programs worldwide is giving qualified EOS DeFi Protocols a 5% yield subsidy on their $EOS and $USDT TVL. This is an important part of the EOSIO reboot in to Antelope OS which is bringing the EOS ecosystem back to the fore.
With these premises and perspectives, dapps are scrambling to find new ways to convince more users to join. One method is the promise to share a slice of the funding received from Yield+ liquidity initiative with the users themselves.
Defibox is doing exactly this with its Defibox Improvement Proposal #47
With DIP47 Defibox-DAO has released the proposal of merging Yield+ rewards into the Defibox Protocol revenue distribution.
The proposal reads as follows:
- 45% buy back and burn BOX token, 15% staking incentive for BSS BOX holders, 10% risk reserve, 30% team income
- 45% buy back and release, 15% staking incentive, 7% risk reserve, 3% burn, 30% team income
- I do not agree with any of the above
Is Team REKT’s opinion that the best option to vote is A.
Yield+ rewards are expected to reach 40k+ $EOS per month, the monthly protocol revenue in the past two months was 20k+ $EOS, so, the increase is pretty clear to anyone… with 45% of Defibox Protocol revenue dedicated to buy back and burn it will be a value of 27k $EOS in $BOX token removed from circulation per month, which is very bullish in our opinion!
Let’s not forget the 15% of incentives that will directly flow to the pockets of every BSS BOX Holder, it will allow great rewards and can be a powerful tool to entice stakeholders to contribute to the goal to form an effective decentralized DeFi governance.
The main plan: token burning
While increasing by 15% the yield of BSS BOX Holders seems a major drive to attract new investors in the mid term, the greatest achievement of this plan is the aforementioned 45% of Defibox Protocol revenue dedicated to buy back and burn. While burning a financial asset might sound extreme, burning crypto tokens is a fairly common event.
Token burning is a strategy followed by cryptocurrency projects to influence the price of a token, or coin, in the market. This is done by permanently removing some tokens from circulation. While the major cryptos (Bitcoin and Ethereum) don’t have token burning programs, many strong Altcoins use it.
From a community point of view, you could argue that token burns are a form of airdrop reserved to the community token holders.
Owning BOX tokens has never been more important than now!
The side plan: token sequestration
According to Defibox Whitepaper V4.0, the total BOX token supply is 5 million. DefiBox is also multichain, which raises the question, how many total tokens are there including all networks? Here is the cool part: the token issuance mechanism will ensure that the total supply of BOX on all the chains on which Defibox is moving remains below 5 million. In other words: BOX token on EOS + BOX token on BSC + BOX token on WAX + possible future BOX on other chains, altogether will sum up to < 5 million. If a large amount of BOX token is transferred to a chain, the circulating supply of BOX token on the other chains is reduced, contributing to an appreciation of its value. This is technically called a token sequestration, with an outcome similar to a token burn.
Defibox is still ahead of competitors tracing the way in this crazy crypto world.
Feel free to share with anyone who wants to learn more about Defibox
https://twitter.com/biciancoli/status/1584460559315259393
LINK DEFIBOX:
eos.defibox.io or bscdapp.defibox.io/ or wax.defibox.io
Knowledge Base:
Social:
Cheers :)
By TeamRekt
https://twitter.com/biciancoli
https://twitter.com/HTDcrisChinese
BOX 代币的无休止烧毁与 Defibox 协议的巨额收入
你已经听说了，对吧？产量+是成功的！
受全球最成功的 DeFi 激励计划启发的流动性激励计划正在为合格的 EOS DeFi 协议提供 5% 的收益补贴，以支付其 $EOS 和 $USDT TVL。这是 EOSIO 重新启动到 Antelope OS 的重要部分，它使 EOS 生态系统重新脱颖而出。
有了这些前提和观点，dapp 正争先恐后地寻找新方法来说服更多用户加入。一种方法是承诺与用户自己分享从 Yield+ 流动性计划获得的资金的一部分。
Defibox 的 Defibox 改进提案 #47 正是这样做的借助 DIP47，Defibox-DAO 发布了将 Yield+ 奖励合并到 Defibox 协议收入分配中的提案
提案内容如下：
45%回购销毁BOX代币，15%BSS BOX持有者质押激励，10%风险准备金，30%团队收益
45%回购释放、15% Staking激励、7%风险准备金、3%销毁、30%团队收益
我不同意上述任何一项
REKT 团队认为最佳投票选项是 A。
Yield+ 奖励预计将达到每月 40k+ $EOS，过去两个月的月协议收入为 20k+ $EOS，所以，增长对任何人来说都非常明显...... Defibox Protocol 收入的 45% 专门用于回购和销毁它每月从流通中移除的 $BOX 代币中价值 27,000 美元的 EOS，我们认为这是非常乐观的！
我们不要忘记 15% 的激励将直接流入每个 BSS BOX 持有者的口袋，它将带来丰厚的回报，并且可以成为吸引利益相关者为目标做出贡献的强大工具，以形成有效的去中心化 DeFi 治理主要计划：代币销毁
虽然将 BSS BOX 持有者的收益率提高 15% 似乎是在中期吸引新投资者的主要动力，但该计划的最大成就是上述 Defibox 协议收入的 45% 专门用于回购和销毁。虽然销毁金融资产可能听起来很极端，但销毁加密代币是相当普遍的事件。
代币销毁是加密货币项目遵循的一种策略，以影响市场上代币或硬币的价格。这是通过从流通中永久移除一些代币来完成的。虽然主要的加密货币（比特币和以太坊）没有代币燃烧程序，但许多强大的山寨币都使用它。
从社区的角度来看，您可以争辩说代币销毁是保留给社区代币持有者的一种空投形式。
拥有 BOX 代币从未像现在这样重要！侧面计划：代币隔离根据 Defibox Whitepaper V4.0，BOX 代币总供应量为 500 万枚。 DefiBox 也是多链的，这就提出了一个问题，包括所有网络，总共有多少代币？这是很酷的部分：代币发行机制将确保在 Defibox 移动的所有链上的 BOX 总供应量保持在 500 万以下。也就是说：EOS 上的 BOX 代币 + BSC 上的 BOX 代币 + WAX 上的 BOX 代币 + 未来可能在其他链上的 BOX，总计将小于 500 万。如果大量 BOX 代币转移到一条链上，则 BOX 代币在其他链上的流通供应减少，有助于其价值升值。这在技术上称为代币隔离，其结果类似于代币销毁。
在这个疯狂的加密世界中，Defibox 仍然领先于竞争对手。随时与任何想了解更多关于 Defibox 的人分享 干杯:) 通过 TeamRekthttps://twitter.com/biciancoli/status/1584460559315259393https://twitter.com/biciancoli
https://twitter.com/HTDcris
