The Balanced community discusses the proposal to "coordinate incentives between Balanced and ICON"
Balanced has posted on the X platform that the community is discussing the proposal to "coordinate incentives between Balanced and ICON". ICON proposes:
- Provide network liquidity and incentives;
- Initiate liquidity of at least 10 million ICX from its treasury;
- Purchase all BALN from the DAO fund and lock it for 4 years.
In return, Balanced will use 50% of its revenue to permanently purchase and destroy ICX. bBALN holders control the remaining 50% of revenue and can vote on its allocation. Balanced expects to be financially self-sufficient, so most of the revenue will be used to fund product development and operations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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