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.
