If the Mimo Token Holders accept the executive proposal, the following changes will be deployed to the Mimo Protocol:
The total MIMO distribution will decrease as the following:
| Before | After | |
|---|---|---|
| Weekly Issuance | 5,654,203.999197681117886672 | 1,413,550.999799420279471668 |
| Weekly Reduction | 5.55% | 1.3875% |
RATIONALE
We believe this change needs to be executed because this deflationary measure will first make the incentive last longer on the platform and will also decrease the daily sell pressure on the market. From Friday, September 10, 2021, the new distribution will be based on the last Weekly Issuance divided by 4. The decrease over weeks will also be divided by 4
BE INFORMED
Please make sure to inform and educate yourself before proceeding with your vote. Community discussions are always welcomed.