Results for the first voting round of AkiraDAO are in!
Proposals have been passed with more than 50% of quorum reached for every answer (61.96% on all proposals), with the following answers determining next Toriyama Token ecosystem’s deployments:
Supply to be removed at the first Burn Event
The development team asked much supply should be burned (sent to a dead address) at this first Burn Event, giving as possible options either 10%, 50% or 90% of the uncirculated supply
Result: 90% burn, with a new max supply of 150B $AKIRA was passed, voted by 86.49% of participants
Upgrading Toriyama Token to V2
We proposed either to upgrade Toriyama Token to V2 in order to remove its mint() function to align the token aligned with our ecosystem; or to keep the current V1 contract with it
Result: Upgrade to V2 was passed, voted by 100% of participants
Existing V1 tokens migration to V2
We proposed a third question on whether Toriyama Token V2 minted at the new contract should be put in a self-service no-fee contract to manually upgrade by V1 holders; or to airdrop to holders the newly minted V2 tokens in the same amount they hold of Toriyama Token V1
Result: Airdrop to $AKIRA holders was passed, voted by 100% of participants
Execution plan
The development team will be implementing the aforementioned passed changes as a series of actions executed at the BNB Chain:
Toriyama Token V2 contract deployment, without a callable mint function, no ownership, and maximum uncirculated supply reduced by 90% (to roughly one hundred billion tokens/~99,986,624,760 $AKIRA as of this writing, final amount to be determined at the actual change implementation date)
Airdrop Toriyama Token V2 replacement to V1 holders, on a 1:1 ratio of existing holdings (~13,375,240 $AKIRA to be airdropped as of this writing, final amount to be determined at the actual change implementation date)
Remove current $AKIRA UniswapV3 pool’s liquidity + create another UniswapV3 pool with same USDT liquidity and V2 tokens with a liquidity of 80% uncirculated supply (~79,989,299,808 $AKIRA: 99,986,624,760 - 20% Token Reserve), using last price at the previous pool as the new ones’s initial price
Implementation of changes
We might fall one day or two behind schedule due to the delay in proposals publication and vote), but changes will be implemented not later than March 27th; we will be announcing on Twitter together with end of Initial Offering Stage 1 and start of Initial Offering Stage 2 using the V2 token pool (to avoid illiquidity at current V1 stage’s position, without the V2 token having been even minted yet)
There are news regarding the governance token planned to release soon too!
Stay tuned!