Token Burning Proposal: Community Decision on Burning of $ELDA Tokens Generated by Oathstone Sales, and Item Upgrade Fees

Eldarune
2 min readAug 21, 2023

TLDR; How should we burn $ELDA tokens that generated by Oathstone Sales, and Item Upgrade Fees since 9th August?

Option 1: Burn’em All

Option 2: Burn’em All and Buyback

Option 3: Burn Half and Buyback

Please vote from here: https://snapshot.org/#/elda-rune.eth/proposal/0xb8dc72569f2892cfd746d97bb1c689339719bca0135052d43a963a1bb58542a6

If you want to participate in the upcoming Eldarune DAO Proposal get your ELDA token:
- Bybit
- Pancakeswap

Dear Eldarune community members,

We’re excited to involve you in a pivotal decision regarding the allocation of $ELDA tokens generated from Oathstone sales and Item upgrade fees. Your input is crucial as we shape the future of our ecosystem.

In the spirit of optimizing our project’s sustainability and rewarding early contributors, we propose a token-burning strategy for ELDA tokens. As a reflection of our commitment to transparency, we are sharing key data from the first phase of Eldarune World of Elymnias:

Since 9th August, we collected a total of 154,215 ELDA from NFT sales and upgrade fees.

Our community has grown substantially, with 50 members in the first phase and an additional 80 members in the second phase.

We are witnessing an upward trend in daily active players, with an expected increase each Wednesday as new whitelisted members join.

Proposal Options

We present several options for token burning, each with its own impact on our ecosystem:

Option 1: Burn’em All

Burn all the $ELDA tokens received from sales and upgrade fees. This aligns with a direct reduction in circulating supply and potential long-term scarcity.

Option 2: Burn’em All and Buyback

Burn all the received ELDA tokens and conduct a buyback of the same amount for subsequent burning. This approach combines immediate burning with ongoing control over the supply.

Option 3: Burn Half and Buyback

Burn half of the received $ELDA tokens and conduct a 50% buyback for further burning. This approach accounts for potential future growth in the player base.

In conclusion, Eldarune’s success is intrinsically linked to your engagement. The proposal to burn $ELDA tokens is a pivotal step, and we entrust you with the choice. Your involvement through voting will guide our direction and shape the future of Eldarune — World of Elymnias.

Thank you for being part of our journey toward a thriving ecosystem.

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Eldarune

Eldarune is a Game Factory that develops AI-powered 4k ARPG Game Eldarune: Word of Elymnias and Card Game Heroes of Eldarune