Proposal #39

Proposal to burn 107,950 ZLK tokens on Bifrost - public proposal #39

Democracy
1yr ago
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Tabled

Greetings to the Bifrost and Zenlink communities, I am a team member of Zenlink and initiated this proposal to burn ZLK tokens on the Bifrost.

Buyback and burn of ZLK tokens from the secondary market is part of our Tokenomics and we have been doing it consistently, as ZLK is issued in multiple parachains, so we are doing buyback and burn on multiple networks such as Moonbeam, Moonriver, Astar, and Bifrost at the same time.

The ZLK tokens proposed for the burn are purchased from the secondary market in Q1 2023 for a total of 107,950 ZLK, and you can see the details of the Q1 2023 buyback and burn in our wiki: https://wiki.zenlink.pro/ecosystem/buyback

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