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