Dear VOX community,
we’re pleased to be able to share with you our plan regarding the third emission cut, which will happen on 01.12.2020 at 00:00 UTC.
With careful consideration and analysis of the current token economy we’ve reached the decision to lower the emission rate by 25,0 % to follow the initial token economy plan.
Due to high staking rewards and general sentiment of users to hold their token rewards, which has decreased the effect of the burn rate and increased the total supply, we must follow along with the initial projection of high emission cuts.
While this might seem as a step back for most users due to decreasing pool rewards, it should have a positive effect on the economy long-term. The current token economy model is unfortunately not sustainable and there is constant selling pressure.
If you wish to read more about the token economy model for our native token, please read the following article: t.ly/5uxP
We’ll be making additional adjustments to the token emission on the next cut happening on 15.12.2020, so we will be able to be on track with the maximum supply of 4250-4500 tokens by March 2021.
🔪 Third emission cut
As mentioned above on Tuesday, 01.12.2020, at 00:00 UTC (timestamp: 1606780800) the second emission cut will take place.
The following measures will be set in place:
- Mint rate will be lowered by 25,0 % from 0,00890625 VOX per block to 0,0066796875 VOX per block. This will decrease the inflation of the total token supply.
This measure will come into immediate effect once executed after the above timestamp has been reached.
About Vox Finance
“Vox Finance is a decentralized finance (DeFi) project developed by an independent team of developers, seeking to bring an innovative approach to the new emerging market by providing high-quality and profitable services while relying on the voice of the people to bring in community engagement to the underlying protocol.”