K9 Finance, Shiba Inu’s official staking partner, has approved four proposals to boost the ecosystem’s growth and sustainability.
Reduced Token Taxes
KNINE token transactions will now have 0% tax on purchases and 3% tax on sales. This aims to make it easier to buy in while rewarding long-term holders.
Operational Budget
A monthly budget of $25,000 for the next six months will support the platform’s operations and stability.
Development Budget
A $50,000 monthly budget for development will fund improvements and new features for the platform.
Marketing Budget
A $30,000 monthly marketing budget will help raise awareness and attract new users.
Community Support
All four proposals passed with strong support, indicating a high level of community involvement and consensus.
Industry Standards
K9 Finance aims to bring its staking mechanisms in line with industry standards, such as Ethereum’s 27% staking rate.
Impact
These approvals mark a significant step forward for K9 Finance and Shiba Inu, paving the way for enhanced growth and efficiency. The platform’s trajectory and position in the decentralized finance landscape are expected to improve significantly.
