Hello everyone,
👀 Remember that, according to Prop.32, the BitSong inflation was reduced from 20% to 10% by the governance's decision. This also means the current staking APY has decreased by 50%. 👇
https://mintscan.io/bitsong/proposals/32
💸 Based on the metrics below 👇, there are currently 16 million $BTSG in the community pool, representing almost 10% of the total current supply.
🚨 Exciting news accompanies this – with the launch of BitSong Studio and its associated #NFTs, all transaction fees generated will contribute to the #communitypool. This ensures that the protocol becomes self-sustainable, creating more earning opportunities.
💪 Stay tuned for a barrage of news and cool updates this week! Incredibly, we recently marked 6 years since the inception of the BitSong concept in December 2017. It's been a journey with both rainy and sunny days, but as we step into 2024, we're determined to make our mark.
🔥 The immense amount of work we've accomplished, the code we've written, and our unwavering belief in BitSong's goals motivate us to push even harder for improvement and success, for an empowering future of #music!
✅ Are you in? Fantastic! Your support means the world to us.
❌ Are you out? No worries – we're here to welcome you, and time will reveal the rest! :rocket:
(Tomorrow is another day of announcements)
Cheers! 🥂🥂
👀 Remember that, according to Prop.32, the BitSong inflation was reduced from 20% to 10% by the governance's decision. This also means the current staking APY has decreased by 50%. 👇
https://mintscan.io/bitsong/proposals/32
💸 Based on the metrics below 👇, there are currently 16 million $BTSG in the community pool, representing almost 10% of the total current supply.
🚨 Exciting news accompanies this – with the launch of BitSong Studio and its associated #NFTs, all transaction fees generated will contribute to the #communitypool. This ensures that the protocol becomes self-sustainable, creating more earning opportunities.
💪 Stay tuned for a barrage of news and cool updates this week! Incredibly, we recently marked 6 years since the inception of the BitSong concept in December 2017. It's been a journey with both rainy and sunny days, but as we step into 2024, we're determined to make our mark.
🔥 The immense amount of work we've accomplished, the code we've written, and our unwavering belief in BitSong's goals motivate us to push even harder for improvement and success, for an empowering future of #music!
✅ Are you in? Fantastic! Your support means the world to us.
❌ Are you out? No worries – we're here to welcome you, and time will reveal the rest! :rocket:
(Tomorrow is another day of announcements)
Cheers! 🥂🥂