BNB

NFTb Launches Governance Voting, First Vote is Token Supply Burn

by BSC News

January 2, 2023

chain

NFTb is setting up several key proposals for community input regarding its token future.

NFTb Governance Token Burning Vote

NFTb has launched the first governance voting on its platform. The NFT marketplace on BNB Chain has launched the first vote on January 2, allowing the community to choose how much of the $NFTb the protocol will burn.

The vote will run for two weeks until January 16. Community members of all different types can vote however votes are allocated according to NFTb membership level. The burn has been announced to occur at the end of the month, January 31.

The community can choose between three different burn levels: 5%, 15%, and 25%. So far, “25%” is leading after just over 1,000 votes in the first few hours of voting.

The $NFTb token is down 98% off its all-time high, trading at $0.00749592, according to CoinGecko. The project has a total supply of 977,700,000, but only 117,527,466 is circulating, according to CoinGecko’s data. As a nanocap token with under $1 million in TVL, a 25% burn could very well impact the token price.

NFTb also has two other governance proposals pending in its queue. Neither has an expected voting timeline, but each has simple questions for the community: 1) should they do the token burn monthly? 2) should NFTb list its token on a major CEX in 2023?

Each question will have major implications for the NFTb token moving forward. It’s safe to say the project is looking for motivation from the community to press forward into 2023.

What is NFTb:

NFTb is an NFT exchange protocol built on the BNB Chain network. The platform can be accessed anywhere around the globe and is rumored to have partnered with hundreds of graphic designers. The project's chief concern is providing a powerful and easy-to-use platform for content creators to use while at the same time creating an affordable experience for NFT collectors by leveraging the power of BNB Chain

Where to find NFTb: Website | Twitter | Telegram | Discord | Blog |

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