[DAO: Qmd3Rx3] burn 10% of MANA (Total Supply)

by 0xb01c899477f616c3028ad8d90e2b8c566e0bc538 (r3conf1gur3d#c538)

burn 10% of MANA (total supply) to higher the market cap (market dominance) because of new investors

  • burn 10% of MANA (total supply)
  • keep the current total supply
  • Invalid question/options

Vote on this proposal on the Decentraland DAO

View this proposal on Snapshot

Do you provide the 10% that will be burned? =)

this would actually drop the market cap.

You are betting on the market stabalizing to +10% of current price afterwards, and once seeing a move like this happen then i think some people will loose faith in the coin after seeing us try to manipulate it like this

MCAp = market price X circulating supply

This only increases scarcity, while providing no actual economic value.

If I’m not wrong the DAO just don’t have access to the 10% of the total supply. The proposal is invalid.

Trust me this makes no sense or whatsoever, 222 million MANA was burned when the DAO and Foundation were established and it had no visible positive effect. It would have been better off in the treasure of the DAO. A lesson was learned there.

Hello, a couple of points:

  • in the past there was a voting that decided to stop burning MANA with fees because the burning actually didn’t change anything
  • scarcity only reduces cashflow, and therefore increases the volatility and speculation which is undesirable
  • it is virtually impossible to get 10% of MANA to burn
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