With community's approval of Proposal #118, the governance and utility token of OraiDEX — ORAIX — is bound to the plan outlined
14 Dec 2022, 11:35
With community's approval of Proposal #118, the governance and utility token of OraiDEX — ORAIX — is bound to the plan outlined in this proposal.
1. Burning ORAIX (Completed)
25% of the initial ORAIX Total Supply, equivalent to 250,000,000 ORAIX, were burned:
New ORAIX Total Supply: 750,000,000 ORAIX
2. CW20 Token Minting Factory - ORAIX fee (TBD via governance)
3. Create New Liquidity Pool Function- ORAIX fee (TBD via governance)
4. Add "Frontier" to OraiDEX for experimental and unverified pools
➡️ As the core developer of OraiDEX, Oraichain Labs along with the community jointly hold responsibility for taking cooperative actions toward the proposal goals, including governance proposals, risk assessment, proper technical development and security measures, reward distribution, and other necessary follow-ups.
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14 Dec 2022, 11:50
📢 With community's approval of Proposal #118 on #Oraichain #Mainnet, 250,000,000 $ORAIX - the governance & utility token of @OraiDEX - were burned.
🪙 New $ORAIX Total Supply:
(Friendly reminder: $ORAIX is NOT $ORAI)
With community's approval of Proposal #118 on #Oraichain #Mainnet, 250,000,000 $ORAIX - the governance & utility token of @OraiD
📢 With community's approval of Proposal #118 on #Oraichain #Mainnet, 250,000,000 $ORAIX - the governance & utility token of @OraiDEX - were burned.
🪙 New $ORAIX Total Supply: https://t.co/2XuPXr9Bup
(Friendly reminder: $ORAIX is NOT $ORAI) https://t.co/JrPkMAZxV9
14 Dec 2022, 11:35
With community's approval of Proposal #118, the governance and utility token of OraiDEX — ORAIX — is bound to the plan outlined in this proposal.
1. Burning ORAIX (Completed)
25% of the initial ORAIX Total Supply, equivalent to 250,000,000 ORAIX, were burned:
New ORAIX Total Supply: 750,000,000 ORAIX
2. CW20 Token Minting Factory - ORAIX fee (TBD via governance)
3. Create New Liquidity Pool Function- ORAIX fee (TBD via governance)
4. Add "Frontier" to OraiDEX for experimental and unverified pools
➡️ As the core developer of OraiDEX, Oraichain Labs along with the community jointly hold responsibility for taking cooperative actions toward the proposal goals, including governance proposals, risk assessment, proper technical development and security measures, reward distribution, and other necessary follow-ups.
With community's approval of Proposal #118, the governance and utility token of OraiDEX — ORAIX — is bound to the plan outlined
With community's approval of Proposal #118, the governance and utility token of OraiDEX — ORAIX — is bound to the plan outlined in this proposal.
1. Burning ORAIX (Completed)
25% of the initial ORAIX Total Supply, equivalent to 250,000,000 ORAIX, were burned: https://lcd.orai.io/cosmos/tx/v1beta1/txs/A52CB52FC161CA6476581070167440DAC5EB0C4795989FD12256E7D3BE7C1A83
New ORAIX Total Supply: 750,000,000 ORAIX
2. CW20 Token Minting Factory - ORAIX fee (TBD via governance)
3. Create New Liquidity Pool Function- ORAIX fee (TBD via governance)
4. Add "Frontier" to OraiDEX for experimental and unverified pools
➡️ As the core developer of OraiDEX, Oraichain Labs along with the community jointly hold responsibility for taking cooperative actions toward the proposal goals, including governance proposals, risk assessment, proper technical development and security measures, reward distribution, and other necessary follow-ups.