Sweat Economy Governance
Over the last month, Sweat Foundation used 1,000,000 USD from profits generated to buy $SWEAT. Now, you can decide if we burn it, or not.
Our profits bought
61,704,529
at an average price of $0.016 per $SWEAT
VOTING Proposal (#1)
“To burn, or not to burn?”
Send $SWEAT to YES.sweat or NO.sweat to cast your vote.
YES.sweat is to support the motion to burn the tokens the Foundation has purchased, and reduce the circulating supply.
NO.sweat is to reject the burn, and for the Foundation to hold the tokens for future usage.
Voting mechanics
As this is an experimental voting process, the Sweat Foundation reserves the right to withhold execution of the vote in the case where there is strong evidence of foul play or manipulation.
Possible outcomes
SCENARIO 1
Proposal passes:
The total circulating supply of $SWEAT is reduced by
61,704,529
SCENARIO 2
Proposal rejected:
61,704,529 remains in the custody of Sweat Foundation and can be used for community purposes including, but not limited to, paying yield to $SWEAT stakers, covering contractors' salaries, etc.
Live results
Yes
139,463.95
I support the proposal to burn the tokens and reduce the circulating supply.
No
18,018.93
I reject the proposal to burn the tokens and reduce the circulating supply.
See results
Voting closed on
12 December 2022, 24:00 UTC
Copyright, 2022 The Sweat Foundation Ltd.