Published On: Tue, 05 Nov 2024 08:43:28 GMT

CSIX DAO Begins Execution of Community Proposals for Deflationary Strategy

CSIX DAO begins executing community-approved proposals, adding liquidity, scheduling a double burn event, and modifying KOL payment policies.

Tanishq Bodh News

Nov 5, 2024, 8:43 AM UTC

Author: Tanishq Bodh

CSIX DAO has commenced action on three key proposals following a recent community vote, with the aim of enhancing token value and reinforcing CSIX’s deflationary model.

Proposal Updates:

Liquidity Pool Addition: Over $50,000 has been allocated to PancakeSwap v2 for liquidity, enhancing trading efficiency and access. View on DEXTools
Double Burn Event: Scheduled for late December 2024, this burn aims to support long-term scarcity by permanently reducing circulating supply.
KOL Payment Change: Influencers and KOLs will now be compensated without using tokens, eliminating any potential sell pressure from these payments.

CSIX DAO also highlights its staking program and the auto-burn feature—set to burn 2.5% of all DEX trades—as pivotal in achieving a deflationary impact. With these combined strategies, CSIX envisions a pathway to burning up to 99.9% of the total token supply over time.

Trusted

Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.