# Voting Round 1: results

By [AkiraDAO](https://paragraph.com/@akiradao) · 2024-03-26

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**_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:

![AkiraDAO Voting Round 1 results summary](https://storage.googleapis.com/papyrus_images/21041d2ff4f05109b9305c3cb7848f005d6011997711426f737e23678e88eb09.png)

AkiraDAO Voting Round 1 results summary

**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](https://snapshot.org/#/akiratoken.eth/proposal/0xe7c78da343f4ad36bdf9e75ff0159bea1b3d5dff085d58618c72d83f8b528c20)

**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](https://snapshot.org/#/akiratoken.eth/proposal/0x0a541982bf173c9046e29e009b9b2265686df817a168409527465fb75e7fe239)

**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](https://snapshot.org/#/akiratoken.eth/proposal/0x0a541982bf173c9046e29e009b9b2265686df817a168409527465fb75e7fe239)

**  
Execution plan**  
The development team will be implementing the aforementioned passed changes as a series of actions executed at the BNB Chain:

1.  _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)
    
2.  **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)
    
3.  **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](https://twitter.com/akirabnb) 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!_**

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*Originally published on [AkiraDAO](https://paragraph.com/@akiradao/voting-round-1-results)*