Layer1 blockchain AirDAO initiates a vote on the percentage of token AMB for recycling and destruction
ChainCatcher message, the community-managed Layer1 blockchain AirDAO has initiated a token AMB buyback and burn percentage vote on X. The AirDAO committee will use the profits generated to repurchase AMB from the market and burn the purchased AMB. The community will decide the frequency of the token burns.
AirDAO will ensure transparency throughout the process. The community will be able to track the yield and confirm that all generated yield will be used to buy and burn AMB. The proposed percentages are 0%, 25%, 50%, 75%, and 100%. Half of the selected percentage will be invested in AAVE, and the other half will be invested in Compound.
Voting will start on January 14th, Sunday at 4 PM UTC and will end on January 16th, Tuesday at 4 PM UTC.
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