Skip to main content

A Quick Burn Initiative Update

· 5 min read
🦊

We've rebranded! Aviator is now Airfox. Check out our Rebirth blog to learn more.

“Let me stand next to your fire.” - Jimi Hendrix

Community Burn Redirect Option Results​

That’s a wrap, folks! Our recent major DAO proposal has just finished and the results are in: the strategic burn fund will be redirected towards other uses. With 94.15% of the vote in favor of the redirect, the new use of the 200m tokens will be voted upon in the following two proposals:

  1. Burn Redirect Voting Option

The first of the two remaining proposals for the initiative, the community will now decide how the final vote will function.

Shall the new fund of 200m AFX tokens be dedicated to the winner of the vote? Or shall the fund be distributed proportionally to the vote?

If the fund is dedicated to the winner of the vote, all funds will be redirected to the option that receives the most votes. The voting method will use ranked choice voting.

If the fund is distributed proportionally, the total funds will be divided amongst all options based on their vote share. This voting method will use weighted voting (users may spread their voting power across multiple options).

2. Burn Redirect Destination

The final proposal in the initiative will determine how these funds will be used. Below is the list of options that voters will be selecting:

  • Dedicate to CEX Listings
  • Add to Quarterly Marketing Budget
  • Remain in the Treasury
  • Burn
  • Community Option 1
  • Community Option 2
  • Community Option 3
  • Community Option 4

Before the posting of this proposal, the community is strongly encouraged to submit their suggestions to our email dao@aviator.ac. Selecting up to four proposals from the community, AFX holders will be able to showcase their ideas for voting! And even better, if your submission is featured, you will receive $50 in AFX tokens from the marketing account!

Some quick updates: our DAO Constitution will be introduced and ratified through the DAO in the coming weeks. This document will detail the guidelines and procedures that govern the DAO and the treasury.

Additionally, we will be updating our website to include direct integration for our DAO as well as our articles in the coming days.

Website: https://airfox.ac

Documentation: https://docs.airfox.ac

Airfox Arcade: https://play.airfox.ac

X/Twitter: https://x.com/airfox_ac

Telegram: https://t.me/airfox_ac

Discord: https://airfox.ac/discord

CoinGecko: https://www.coingecko.com/en/coins/airfox

Etherscan: 0x9414E9af3a531E47f0F2B48d1a7fAf8178cF0BD7

Uniswap: Swap AFX

Disclaimer: The content published on this site, including blogs, articles, and other published content, is provided for general informational purposes only and should not be construed as financial, investment, legal, or other professional advice. Airfox's personnel are not broker-dealers, investment advisors, or financial professionals and do not issue or provide financial, investment, or legal advice. Airfox does not validate, verify, or endorse any claims, statistics, opinions, or information presented within these materials. Furthermore, Airfox does not perform due diligence on any featured projects, companies, or investments mentioned herein.

Purpose of Digital Assets: The AFX token is issued as a consumable utility token, designed to access a service. Airfox does not endorse any digital asset as a capital investment nor guarantees any financial outcomes of token performance or future availability. Ownership of any amount of AFX does not represent equity in any legal entity. AFX token holders are not entitled to corporate voting rights, dividends, access to financial records, participation in stakeholder meetings, claims to assets, or any assumption of liabilities. Ownership or use of AFX tokens, or any other tokens or digital assets issued by the company, their subsidiaries, or partner companies, including through off-platform transactions, constitutes the usage of a service provided by us and is bound by our full and complete terms.

No Endorsement or Responsibility: The inclusion of third-party projects, products, or services does not constitute endorsement or recommendation by Airfox. Any opinions expressed are those of the authors and do not necessarily reflect the views of Airfox. Airfox explicitly disclaims all liability for errors, omissions, or actions taken based on the content provided.

Investment Risks: Investing in cryptocurrencies and other digital assets involves significant risk, including the potential loss of your entire investment. Digital assets are highly volatile and speculative, and past performance is not indicative of future results. There is no guarantee of safety or recovery if complications arise, and you should carefully consider your investment objectives and risk tolerance before engaging in any investment activity.

Acknowledgment of Risks: By accessing this site, you acknowledge and accept these risks. Airfox assumes no responsibility for any losses, damages, or other consequences that may result from the use of this site, its content, or reliance on the information provided in blogs, articles, or other published content.

Consult Professional Advisors: Readers and users are strongly encouraged to seek independent advice from qualified professionals before making any financial, legal, or investment decisions based on the information contained herein.

Terms of Service: By using the website and services, you agree to be bound by our full Terms and Privacy Policy. Ownership or use of Airfox tokens, or any other tokens or digital assets issued by Airfox, its subsidiaries, or partner companies, including through off-platform transactions, constitutes a service provided by us, and is subject to these terms, which outline risks and limitations of liability. Airfox values your privacy and does not sell your personal data.