Golden Outpost丨SushiSwap community initiated a proposal to reduce the supply of SUSHI tokens

More than half a month ago, SushiSwap spotted the defect that Uniswap had no token rewards, and successfully attacked Uniswap.

However, because there is no limit to the total amount of SUSHI tokens in SushiSwap, miners have been "digging, selling and withdrawing". Even with the $14 million repurchase stimulus, the trend of SUSHI continues to slump.

In addition, on September 17th, Uniswap announced the issuance of the token UNI and airdropped users. The value of Uniswap’s locked position exceeded 1.6 billion US dollars, and the price of UNI doubled in one day. In the struggle between SushiSwap and Uniswap, Uniswap seems to have won the battle.

Jinse Finance mining data broadcast | BCH's network computing power rose by 7.67% today: Jinse Finance reported that according to the data of the spider mining pool:

The computing power of the entire ETH network is 179.792TH/s, the mining difficulty is 2294.42, the current block height is 10145025, and the theoretical income is 0.00870637/100MH/day.

The computing power of the BTC network is 90.792EH/s, the mining difficulty is 15.14T, the current block height is 631850, and the theoretical income is 0.00000914/T/day.

The BSV network computing power is 2.114EH/s, the mining difficulty is 0.29T, the current block height is 636694, and the theoretical income is 0.00042581/T/day.

The BCH network computing power is 2.653EH/s, the mining difficulty is 0.38T, the current block height is 636895, and the theoretical income is 0.00033919/T/day. [2020/5/27]

In the face of multi-faceted competition from Uniswap, 0xMaki, a core developer in the SushiSwap community, launched a proposal to lock in 2/3 of the mining rewards and reduce the supply of SUSHI tokens.

Golden Noon News | A list of important developments at noon on May 7: 7:00-12:00 Keywords: WeBank annual report, Supreme People's Procuratorate, Loopring Agreement, money laundering

1. WeBank released its 2019 annual report and continued to carry out technological breakthroughs in blockchain and other fields.

2. Beijing: Encourage private enterprises to participate in the construction of application scenarios of new technologies such as blockchain in major projects in this city.

3. Supreme Prosecutor Zheng Xinjian: Financial crimes involving the public have begun to spread to emerging economic fields such as virtual currencies.

4. The founder of Ethereum published a paper saying that stateless cryptocurrency can achieve extremely low communication and computing overhead.

5. Author of "Currency War": The current central task of the central bank's digital currency is to replace the cash in circulation.

6. Judge: Bitcoin should be protected by law but does not have the legal status as a currency.

7. People's Daily Online: People's Financial Service "supply chain + blockchain" connects small and medium-sized enterprises and small and medium-sized banks.

8. Loopring Protocol: A serious front-end error was found and the repeater service was stopped.

9. The amount of money laundered by the Upbit address involved in this round has exceeded 16,000 ETH. [2020/5/7]

Analysis| Golden Disk: Finding Opportunities Through Abnormal Position Fluctuations: Golden Disk Comprehensive Analysis: According to OKEX data, OKEX’s BTC futures contract fluctuated abnormally at 9:15 today, and the number of long accounts increased from 59% at 8 o’clock in more than an hour It increased to 65% within a short period of time, and we found that the BTC spot price began to rise violently at 9 o'clock, and the increase exceeded 240 US dollars in just 5 minutes, while the price fluctuation in the previous 5 minutes was only 10 US dollars. It fell slightly by 0.4%, which shows that the main force of the bulls increased their positions sharply, which led to the rapid rise in the market. [2018/8/22]

Option 1: Only 1/3 of the SUSHI token rewards will be unlocked, and 2/3 will be locked for 6 months; the hard cap supply of SUSHI tokens is 250 million

Scenario 2: Only 1/3 of the SUSHI token reward is unlocked, and 2/3 is locked for 6 months; once the code is ready, the token reward is immediately reduced by 66%, including the previously locked part; the hard cap supply of SUSHI token is 250 million

Option 3: The total supply of SUSHI tokens is reduced by 50%; SUSHI token rewards are only unlocked for 1/3, and 2/3 are locked for 6 months; the hard cap supply of SUSHI tokens is 250 million

Scenario 4: The total supply of SUSHI tokens is reduced by 50%; only 1/3 of the SUSHI token rewards are unlocked, and 2/3 are locked for 6 months; once the code is ready, the token rewards are immediately reduced by 83%, including the previously locked part; SUSHI token hard cap supply is 250 million

Option 5: Don't like appealing to either option; keep the status quo.

This proposal requires at least 300,000 SUSHIPOWAH votes to pass.

As of press time, there have been more than 100,000 votes. The community mainly chooses between plan 2 and plan 4, and 68.4% of them choose plan 4, that is, the total supply of SUSHI tokens is reduced by 50%; SUSHI token rewards are only unlocked 1/3, 2/3 are locked for 6 months; once the code is ready, the token reward is immediately reduced by 83%, including the previously locked part; the hard cap supply of SUSHI tokens is 250 million.

Tags：

Binance Apps