We are starting the first Pegs Cash proposal voting
[PIP#1] Converted 70% of seigniorage income from dividends to system repurchase vault
Pegs Cash is exploring decentralized governance. Proposal #1 is proposed by the community and created by developers
Option A: 70% of the seigniorage will be transferred to the repurchase vault. When the price of PEGS drops by more than 50%, the vault will be activated for repurchase, and the repurchased PEGS will be directly burned.
Option B: Keep dividend function
Dividends on January 21st and 22nd, 2021 will not be deposited in the dividend pool for the time being. After the voting for the proposal closes, arrangements will be made according to the community voting results.
The proposal will start at 17:00 UTC, January 21st, 2021. The number of votes will be based on the Pegs snapshot at the beginning. The voting process is as follows:
Log into:
https://snapshot.page/#/pegscash.eth/proposal/QmQvAH9g7ySoC1Q6P4GVZPyoM7eBKYD3mi8gvh7QSDv43V
1. Connect your wallet
2. Choose the Option you wish to vote
3. Confirm your Signature Request
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