MORSE Token Instant Burn Proposal

This proposal is complementary to MORSE Token Progressive Burn Proposal

Executive Summary

I propose implementing a strategic instant token burn 1111 NFT at the start of Q2 after getting voted end of March to align MORSE token supply with what it needed.

Note: The burn only affects the fungible token supply, while preserving the unique NFT components.

Background & Rationale

As the Mitosis ecosystem expands, i believe an immediate token burn will directly benefit all MORSE holders by:

:white_check_mark: Boosting token scarcity instantly, increasing perceived and actual value
:white_check_mark: Strengthening market confidence by demonstrating proactive supply management
:white_check_mark: Eliminating excess supply in one decisive action, avoiding prolonged uncertainty
:white_check_mark: Signaling commitment to value creation, reinforcing trust among long-term holders

This instant burn approach aligns with our goal of fostering a stronger, more resilient token economy, ensuring that MORSE remains a valuable asset within the ecosystem.

Burn Mechanics

Key Parameters

  • Total Burn Period: Instant burn 1 week after proposal passed
  • Total Burn Amount: 1111 tokens (11.11% of total supply)
  • Burn Pattern: One time
  • **Supply end of Q3 : 6666 tokens

Looking Forward

Right now : 6,725 in the contract // 3275 Morse claimed.

This Morse supply in the contract from the beginning to now from 10k to 6725 Morse

This is 2 months after claim at 7500 (2500 have been claimed)

Over the past 7 months, the supply has decreased from 7,500 to 6,725 MORSE, with an average weekly spending of 110 MORSE.

Currently, there are 6,725 MORSE left to be claimed, with a projected burn of 2,222 over 5 months.

If this proposal is not accepted, the treasury will hold 3,500 MORSE by Q3.

At the current spending rate, we have a runway of 32 months.

With this in mind, I propose this addional proposal make a total of 50% reduction, consisting of:

  • 2,222 burned over time from Team prop
  • 1,111 burned instantly

After these two burns, we will still have a 21-month runway.

13 Likes

So just to be clear… This is 1111 ontop of the current burn vote proposal? If this is so… Doesn’t sound like a bad idea…

2 Likes

What is the relationship with the current proposal being voted on?
If the current proposal passes, will this one still be valid? Or will this one only be valid if the current proposal is rejected?

2 Likes

If current one is rejected, this one is not valid

5 Likes

This is prop 1 bis from me and people community to decide.

Also, this proposal can also not be proposed to vote if there is not enough community power

2 Likes

To be clear for my two comments above:
This proposal aims an extra burn on top of the progressive token burn proposal

5 Likes

Instant burn make mors big value.

2 Likes