ADEX governance voting: pledge reward halved

We are voting to decide ADX The future of pledge incentives .

Ambire AdEx The original tokens of are 150,000,000 ADX Fixed supply of . Now the supply limit is almost reached , This means that no new ADX Pledge reward .

In order to solve this problem and extend the payment time of awards , Bring maximum benefits to our pledge , We are taking the following measures ：

1. from Ambire AdEx Destroy a certain number of passes in the Treasury .

2. Hold a governance vote , Reduce the pledge reward 50%.

Governance vote

Voting will begin this week , namely 2022 year 6 month 15 Japan , Will continue 5 God , until 2022 year 6 month 22 End of the day . The result of the voting will be after the end of the voting period 1-5 It will take effect in two days .

Voters will have the right to decide whether to halve the pledge award , And end the pledge immediately after reaching the upper limit again , Or halve the percentage but extend the pledge period .

If the vote is halved , Will reduce 50% Pledge annualized , With immediate effect .

at present ,ADX Pledge provision 36.98% Annual income of —— Even if it is halved , This is still a considerable annualized income for the pledgor .

Given the recent market conditions , We think this is the best time to reduce the distribution . This will help us improve ADX Price stability , And let our pledgor get higher income in the long term .

Eligibility to vote

Voting will be open to the holders of our two governance passes .ADX-STAKING and ADX-LOYALTY . please remember , hold ADX But people without a pledge will not have the right to vote .

To vote , Please go to the snapshot page of governance voting . Come and vote ：https://snapshot.org/#/adex.eth/proposal/0xa41f06867d9b5ad5ab682719465e5c3c3a6af3b180d66c0ebf6e64742f806db4