Proposal 2
5/9/2023-5/12/2023
On May 12, 2023, the ToadSwap community voted on an important proposal to adjust the fees on ToadSwap. From the originally planned fee of 0% for holders and 0.5% for nonholders. This vote was significant as it controls the future of ToadSwap and the allocation of fees collected on ToadSwap.
With a unanimous decision, of over 310 million votes the following proposal was accepted
35% Buy Back and Burn: To increase the value of Toad tokens and benefit our community of holders.
35% ToadSwap DAO: a fund designated towards the DAO and the interests of holders
15% Referrals: To incentivize our users to invite others to use ToadSwap.
15% Maintenance Costs: To cover the maintenance and server cost
For non-holders, we propose the following additional fees:
10% fee on transaction value when saved from a rug pull: To provide protection for non-holders. 25% profit sharing fee on prices reduced by candle swap feature: To share the savings generated by our candle swap feature with non-holders.
Last modified 2mo ago