Announcement #41
What's going on with BNSD you ask, Here is a short recap and update from and for the Past, Present, Future.
We are bringing BNSD governance now!!!
For more information read here - https://bit.ly/2I025fc
➡️ https://twitter.com/bitbns/status/1323979137644589062
What's going on with BNSD you ask, Here is a short recap and update from and for the Past, Present, Future.
We are bringing BNSD governance now!!!
For more information read here - https://bit.ly/2I025fc
➡️ https://twitter.com/bitbns/status/1323979137644589062
CPX trading, deposits and withdrawals are paused until further notice. There's an upcoming merger plan.
The merger’s token exchange ratio will be 1:2.5, and is calculated based on a 60-day moving average (trailing average) of the price of both tokens. After thorough consideration, this is the best method of calculation of recent “smoothed” value, taking various factors such as volatility and outlier data points into consideration, and is a fair approach for both sides. Thus, 1 CPX (NEP-5) will be exchanged for market value proportional 2.5 PHB. After the value peg, it’s only natural that the value of the tokens pre-swap would be linked.
Read more at: https://blog.red-pulse.com/red-pulse-phoenix-phx-apex-network-cpx-merger-plan-9e7ed7b6a278
The merger’s token exchange ratio will be 1:2.5, and is calculated based on a 60-day moving average (trailing average) of the price of both tokens. After thorough consideration, this is the best method of calculation of recent “smoothed” value, taking various factors such as volatility and outlier data points into consideration, and is a fair approach for both sides. Thus, 1 CPX (NEP-5) will be exchanged for market value proportional 2.5 PHB. After the value peg, it’s only natural that the value of the tokens pre-swap would be linked.
Read more at: https://blog.red-pulse.com/red-pulse-phoenix-phx-apex-network-cpx-merger-plan-9e7ed7b6a278
A lot of you have discussed about changes to block rewards. What would you like it to be. The first governance proposal would be around that
Currently it is 125 per block.
Currently it is 125 per block.
Anonymous Poll
16%
62
33%
25
13%
100
39%
Keep it 125
Bitbns Announcements
https://twitter.com/bitbns/status/1324929619313635330
Close to 200k $BNSG minted by users by burning $BNS or $BNSD
A lot of the users have requested to get to activate a way for them to be able mint bnsg from bitbns itself before the proposal voting starts.
So we are working on adding that first. Ideally more people voting would give the actual picture.
Post that the first proposal around rewards change would go live.
Already around 2% of BNSG already has gotten minted by users. We expect about 5% + with the addition of option on bitbns for users to convert to BNSG.
So we are working on adding that first. Ideally more people voting would give the actual picture.
Post that the first proposal around rewards change would go live.
Already around 2% of BNSG already has gotten minted by users. We expect about 5% + with the addition of option on bitbns for users to convert to BNSG.
Genesis mint for $BNSG would be done in an hour 🙌
5 million $BNS would be burnt for it. That's more than 225K USD worth of $BNS 🔥
These $BNSG would be airdropped to participants on ascent over time and 15% of BNSG can be bought from BNSG sale that would happen on ascent. This would familiarise users to ascent, give them a chance to get BNSG of they don't have BNS or BNSD through the sale.
Onwards and upwards 👏
5 million $BNS would be burnt for it. That's more than 225K USD worth of $BNS 🔥
These $BNSG would be airdropped to participants on ascent over time and 15% of BNSG can be bought from BNSG sale that would happen on ascent. This would familiarise users to ascent, give them a chance to get BNSG of they don't have BNS or BNSD through the sale.
Onwards and upwards 👏
BNS & BNSD to BNSG minting guide 💥
• Telugu version https://youtu.be/l2Sn_uM_kJ0
• Hindi version https://youtu.be/fZoPqh5osbQ
• Telugu version https://youtu.be/l2Sn_uM_kJ0
• Hindi version https://youtu.be/fZoPqh5osbQ