Prop 191: Mars Community Pool Burn

mrc: 98 title: MARS Community Pool Burn authors: Mars Foundation forum-url: https://forum.marsprotocol.io/t/1298

Tokenomics 2.0

This comprehensive proposal seeks to integrate several pivotal strategies aimed at enhancing the Mars Protocol's sustainability and efficiency. It includes an update to our token economics, an acknowledgment of contributions through foundation allocations to cover operational costs and a phased rollout plan for governance and operational transitions. By aligning these elements, we aim to position Mars Protocol as a leader in the evolving DeFi landscape.

The objective of this proposal vote is to action the burn of 300m MARS tokens from the community pool.

To burn 300m MARS tokens from the community pool, the tokens will be sent to the Mars Hub zero address which can be obtained via the CLI command marsd keys parse 0000000000000000000000000000000000000000 which outputs the address mars1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqw7exjx

Copyright

Copyright and related rights waived via CC0.

Disclaimers/Disclosures

This proposal is being made by Mars Protocol Fondation, a Exempted Limited Guarantee Foundation Company incorporated in the Cayman Islands with Limited Liability. Mars Protocol Foundation and certain of its service providers own MARS tokens and have financial interests related to this proposal. All such entities, service providers, and other related persons may also have financial interests in complementary or competing projects or ecosystems, entities or tokens, including MARS, Osmosis/OSMO and Neutron/NTRN. These statements are intended to disclose relevant facts and to help identify potential conflicts of interest, and should not be misconstrued as a complete description of all relevant interests or conflicts of interests; nor should they be construed as a recommendation to purchase or acquire any token or security.

This proposal is also subject to and qualified by the Mars Disclaimers/Disclosures. Mars Protocol Foundation may lack access to all relevant facts or may have failed to give appropriate weighting to available facts. Mars Protocol Foundation is not making any representation, warranty or guarantee regarding the accuracy or completeness of the statements herein, and Mars Protocol Foundation shall have no liability in the event of losses or damages ensuing from approval or rejection or other handling of the proposal. Each user and voter should undertake their own research and make their own independent interpretation and analysis of all relevant facts and issues to arrive at their own personal determinations of how to vote on the proposal.