Maker founder: PureDai will have its own new governance token
2024-05-17 09:08:16
On May 17, Maker founder Rune Christensen posted on the X platform that PureDai will have its own new governance token, with the following main features:
1. The initial supply of the PureDai governance token is 2 billion;
2. The initial supply will be distributed to NewStable mining users on the Ethereum mainnet within 5 years.
3. Permanently distribute to PureDai vaults users to subsidize the generation of PureDai.
4. PureDai's surplus will be used to accumulate PureDai governance tokens through the intelligent destruction engine.
5. The PureDai governance token will play a backing role in the event of PureDai's bad debts.
Previously, Rune issued a post yesterday saying that it will launch a stablecoin PureDai that is loyal to the original vision of the protocol outside of NewStable.