Governance Proposal #3 Voting Result and Token Burn Execution

Dear Pundians,

The third governance proposal on Pundi X Chain was concluded on March 15, 2024. The proposal was passed with 100% “Yes.” Thank you to our community for your support and trust.

The proposal of burning 10 billion BEP20 $PURSE (13.6% of the total supply) aims to support the recent token upgrade and the development of PURSE ERC404, enhancing the significant leap for PURSE in the evolution of web3 loyalty rewards. The token burn is executed on March 18, 2024.

More Excitements on PURSE

In alignment with our innovative token standard, ERC404, PURSE ERC404 tokens offer unparalleled versatility and utility, catering to a wide range of use cases within the decentralized finance (DeFi) and reward system.

The team also offers multiple options to utilize or receive PURSE tokens. Aside from staking or LP farming PURSE tokens, anyone can now install the PURSE SocialFi browser extension tool, PURSE+, to experience the play-to-earn mechanism by completing simple tasks to earn PURSE tokens. Every 1M $PURSE can be used to mint one Purse Box NFT. It is our initial step in building the ERC404 community, and we invite you to join the ride.

To stay up-to-date with all the latest activity updates, make sure to follow PURSE X and Telegram. You won’t want to miss out on any exciting news!