BIP 51: Implementing the Economic Enshrinement agreement

See the important points of the proposal here. This proposal, if approved, will implement the agreed upon changes for the Economic Enshrinement of Balanced to the ICON Network.

A yes vote on this proposal will enact the following upgrades to Balanced software:

  • 50% of all revenue generated will be directed to a newly implemented ICX buyback-and-burn contract
  • 3,112,235 BALN will be sent to the ICON Foundation, whom on approval will transfer 1,089,282.25 ICX to the Balanced DAO Fund

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