Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
The Balanced community discusses the proposal to "coordinate incentives between Balanced and ICON"

The Balanced community discusses the proposal to "coordinate incentives between Balanced and ICON"

Cointime2024/01/22 04:44
By: Cointime
DAO-1.89%XOLDTOKEN0.00%ICX-2.27%

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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — AVNT/USDT!
Bitget Announcement2025/09/15 09:50
PoolX x Bitget Earn SWTCH promotion
Bitget Announcement2025/09/15 09:06

Trending news

More
1
New spot margin trading pair — AVNT/USDT!
2
Crypto Loan Carnival round 25: Borrow ETH, SOL to enjoy an APR discount of up to 40%

Crypto prices

More
Bitcoin
Bitcoin
BTC
$114,867.75
-0.61%
Ethereum
Ethereum
ETH
$4,522.74
-2.09%
XRP
XRP
XRP
$3
-1.74%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$920.37
-1.46%
Solana
Solana
SOL
$235.18
-4.27%
USDC
USDC
USDC
$0.9998
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2626
-7.78%
TRON
TRON
TRX
$0.3449
-1.19%
Cardano
Cardano
ADA
$0.8625
-3.63%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter