Community Voting for Lottery Budget Reallocation | Opportunities for BSW Holders!

What to Consider Regarding Lottery Deactivation & Budget Reallocation

  • The Lottery does not greatly impact BSW token utilities and the platform: for 9 months that it was active, total volume by users using the Lottery reached only 3 141 730 BSW.
  • The amount of tokens allocated for Burn is insignificant: a total of 408 425 BSW was burned from the Lottery during the 9 months of its functioning, which is only 1.11% of the total burned amount of 36 938 221 BSW.

Voting Options

Option 1: Reallocate the budget and Disable the Lottery

  • More profitable opportunities for BSW Holders
  • Beneficial utilities and strengthening of BSW token
  • Increase in BSW token & Biswap statistics
  • Enhancement of Biswap DEX in DeFi

Option 2: No Changes

  • The lottery will not be disabled and will be reactivated, so the budget will not be reallocated to create more lucrative features for BSW Holders and to strengthen the Biswap platform along with its native BSW token.

📩 Vote here:

Voting Duration:

Terms & Conditions:

  1. The voting period is from 11:00 AM UTC, 5 August to 11:00 AM UTC, 8 August.
  2. The voting counts BSW tokens in BSW Holder Pool, BSW Auto-compounding Launchpool, Manual BSW Launchpool, BNB — BSW, USDT — BSW Farming Pairs and BSW on the BEP-20 wallet balances.
  3. If the number of votes is 51% or more for the option “Reallocate budget and Disable the Lottery”, users will have 30 days after the end of the voting to withdraw funds from the balance on the Lottery page! After this period, all the remaining funds will be burned.
  4. Once voted, you will not be able to vote again.
  5. There is no need to unstake your BSW tokens from Farms and/or Launchpools to vote. The system will automatically sum up all your tokens locked in Farms & Launchpools. Your BSW tokens will stay with you.
  6. If you cannot vote on the Biswap Voting page, please vote on the snapshot.

Disclaimer:

Closing Thoughts

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Biswap

Biswap

5.9K Followers

Trade, Earn, Refer on the most progressive DEX on BNB Chain. Enjoy the lowest exchange fee, profitable features & Multi-type Referral program.