Voting result: Upgrade ONUS Shares V3, adjust profit-sharing model

On July 16th, ONUS launched the Voting program with a proposal to change the profit-sharing model to increase benefits for investors and increase the value of ONUS tokens.

At 03:00 UTC today, July 19th, the Voting portal is officially closed. With the “Agree” rate accounting for 92.88%, ONUS would like to announce that the proposal to upgrade ONUS Shares V3 and convert to a new profit-sharing model has been officially approved.

Result details:

  • “Yes” Rate: 92.88% equivalent to 2,555,947 votes
  • “No” Rate: 7.12% equivalent to 195,920 votes

The ONUS team will have a detailed announcement about the ONUS Shares V3 upgrade plan soon. 

About the new profit-sharing model

From October 2021 until now, the ONUS team has spent 20% of its profit every month to buy back ONUS tokens from the market to burn until only 50% of the circulating supply remains. At the same time, ONUS also shares profits from P2P transaction fees for customers participating in ONUS Shares.

To provide more benefits for investors and increase ONUS tokens’ value, ONUS proposes switching to a new profit-sharing model. Specifically, instead of buying back and burning ONUS from the market, ONUS will share 20% of the monthly revenue (from P2P transaction fees, Futures trading fees, FutureSwap fees, Exchange fees, interest on Credit Line, and other fee-based features) with ONUS token holders and will suspend ONUS Shares’ current passive staking programs. In addition, the ONUS Lock mechanism will also be adjusted to accommodate the new profit-sharing model.