District One Announces Diamond Token Distribution and Tax Structure
District One Announces Diamond Token Distribution and Tax Structure
馃拵 Diamond Tax Drama Unfolds
District One has unveiled DIAMONDS as the distribution mechanism for Gems in the upcoming $S airdrop. The token implements a 13% tax structure designed to reward holders through:
- Automatic reflections
- Token burns
- Accumulation benefits
The team is currently gauging community sentiment regarding potential increases to selling tariffs to enhance holder benefits. This aligns with DistrictOne's broader strategy of using Gems to incentivize community participation.
Learn more about earning Gems in the official documentation
DIAMONDS are a way for us to distribute our Gems in the $S airdrop. The token exists to benefit and reward those that hold or accumulate through reflections and burns... Tax is currently 13% Looking at sentiment around increasing the benefits through increased tariffs on
Market Volatility and Fee Distribution Update
Market volatility is expected to increase due to emerging trade tensions. This volatility will likely impact onchain trading volumes. Key points: - veEQUAL holders continue to receive 100% of protocol fees - Increased market activity typically results in higher fee generation - Protocol maintains consistent rewards distribution regardless of market direction The fee distribution model remains unchanged, ensuring steady returns for $EQUAL voters during both market upswings and downturns.
Equalizer Achieves Lowest Inflation Rate Among ve(3,3) Models
Equalizer has achieved significant milestones in managing $EQUAL token emissions: - **Reverse Rebase**: 2% weekly emission reduction since epoch 34, preventing 1M+ $EQUAL from entering circulation - **Tail Emissions**: Now emitting only 9,300 $EQUAL weekly with 0.1% reduction per epoch - **Sustainable Economics**: Fee generation exceeds emission rate Recent performance metrics: - Daily volumes steady at $6-8M - Fee efficiency reaching up to $2000/hour - Weekly rewards tracking $75,000+ for voters The protocol demonstrates sustained growth while maintaining token scarcity through controlled emissions.
Equalizer Exchange Token Migration Update
The migration of EQUAL assets to Sonic chain has begun. Key points: - Users receive non-transferable receipt tokens upon migration - Voting temporarily disabled until next epoch if Sonic isn't live - NFTs that voted must wait until next epoch to migrate - Migration available at migration.equalizer.exchange Important reminders: - 1:1 token swap ratio - Claim all pending rewards before migrating - $2M cap on LP migration - Smart contracts/multisigs not supported Migration window closes before Sonic launch. Check FAQs and Discord for updates.
Equalizer Announces Strategic Partnership with PaintSwap on Sonic
Equalizer has formed a strategic partnership with PaintSwap on the Sonic network. Key aspects of the collaboration include: - PaintSwap will host the veEQUAL NFT collection using their financial NFT interface - Equalizer will support liquidity development for PaintSwap's upcoming pUSD stablecoin - $BRUSH pools will be whitelisted on Sonic to enhance liquidity This partnership follows recent collaborations with SonicSale, ODOS, and Vicuna Finance, demonstrating Equalizer's commitment to building a comprehensive DeFi ecosystem on Sonic.