K9 Finance, the official liquid staking partner for the Shibarium blockchain, has announced the successful approval of four strategic governance proposals aimed at fostering growth and sustainability within the Shiba Inu ecosystem. This outcome was achieved through a decentralized voting process involving the holders of KNINE tokens.
The official communication from K9 Finance decentralized autonomous organization (DAO) on X detailed the results: “The votes have been cast and the results are in! Our KNINE holders have spoken loud and clear! All 4 proposals have PASSED from our latest Snapshot vote: Reduce KNINE Token Taxes, 6 Month Marketing Budget, 6 Month Development Budget, 6 Month Ops Budget. Thank you to everyone who participated and made their voice heard! Let’s Go!! The proposals will be implemented within 1-3 business days.”
Shiba Inu: K9 Sets Course For A Successful Future
Here’s a breakdown of the proposals and their implications:
- Reduce KNINE Token Taxes: The proposal to modify the tax structure on transactions involving KNINE tokens was approved with the highest voting turnout. The new tax model includes 0% tax on purchases and 3% tax on sales, a strategy aimed at reducing friction for entry while maintaining incentives for long-term holding.
- 6 Month Operational Budget: A monthly operational budget of $25,000 for…
