Published On: Tue, 05 Nov 2024 14:13:28 GMT

CSIX DAO Begins Execution of Community Proposals for Deflationary Strategy

CSIX DAO begins executing community-approved proposals, adding liquidity, scheduling a double burn event, and modifying KOL payment policies.

Tanishq Bodh News

Nov 5, 2024

Author: Tanishq Bodh

CSIX DAO has commenced action on three key proposals following a recent community vote, with the aim of enhancing token value and reinforcing CSIX’s deflationary model.

Proposal Updates:

Liquidity Pool Addition: Over $50,000 has been allocated to PancakeSwap v2 for liquidity, enhancing trading efficiency and access. View on DEXTools
Double Burn Event: Scheduled for late December 2024, this burn aims to support long-term scarcity by permanently reducing circulating supply.
KOL Payment Change: Influencers and KOLs will now be compensated without using tokens, eliminating any potential sell pressure from these payments.

CSIX DAO also highlights its staking program and the auto-burn feature—set to burn 2.5% of all DEX trades—as pivotal in achieving a deflationary impact. With these combined strategies, CSIX envisions a pathway to burning up to 99.9% of the total token supply over time.

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