The Popsicle Team Tokenomics Proposal has passed!
Some background information:
- If you are unaware of what’s going on, you can read the proposal we are talking about here.
- To check the proposal voting outcome refer to here.
So now that the Proposal vote is over, how will the burn work?
First things first, in order to burn the 44,842,141 ICE, we need to mint them, this minting will be happening within the next 24 hours.
Thereafter the coins will be sent to the following burn address, making them inaccessible: 0x0000000000000000000000000000000000000000
Expect the ICE Etherscan page to be updated with the burn details in the days following the burn transaction.
What will happen with the Team, LP, and DAO tokens then?
- Team Tokens: These tokens will stay unminted for the time being. Minting will only happen once the coins are truly needed for salaries, operational expenses etc.
- LP Rewards: These funds will, just like over the past months, get minted every week in order to be distributed to all LPers as farming rewards for the following pairs: ETH/ICE, FTM/ICE, BNB/ICE on the respective chains and the various DEXes.
- DAO Tokens: The DAO tokens, will only be able to be minted once the multisigners are fully voted in and set up, thereafter a new DAO address will be set up where the tokens will be minted to. Once this address is ready, it will be added to our Wiki here!