In order to better achieve independent development, Defibox DAO propose a plan to make changes to the buyback and burn of DEX by 10% of Defibox's protocol income. The solution proposed by Defibox DAO is: According to the principle of equivalent exchange, 10% of Newdex's existing Defibox protocol income will be exchanged for about 140,000 BOX (accounting for 7.5% of Defibox's unreleased tokens) at one time, and transferred to the designated account (box.newdex) , Newdex will deposit all the obtained BOX tokens into the BSS system（360-day deposit pool）, and use all the obtained BSS income for the buyback and burn of DEX. After the 360-day deposit expires, Newdex can choose to continue to deposit it in the BSS deposit system or sell the BOX position. The income acquired by selling BOX tokens will be completely used to buyback and burn DEX. Defibox DAO has initiated a vote on the new plan. If the vote is passed, it is estimated that the daily buyback and burn of DEX will increase by about 1.5 times, so this plan is a win-win solution.
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July 20, 2022
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