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Serotonin added a photo to Stream Photos album in Market Updates group 4 months ago

INDY has taken a bit of a beating along with most other non-meme CNTs. But a DAO proposal just passed that will effectively use 60% of the ~1M ADA in monthly revenues to stimulate it. 30% goes to INDY buybacks by the DAO and the other 30% is given as ADA incentives to INDY stakers. The buybacks alone will add ~300k ADA/mo or 10k ADA/day in buy pressure (current volume is ~100k/day).

INDY has taken a bit of a beating along with most other non-meme CNTs. But a DAO proposal just passed that will effectively use 60% of the ~1M ADA in monthly revenues to stimulate it. 30% goes to INDY buybacks by the DAO and the other 30% is given as ADA incentives to INDY stakers. The buybacks alone will add ~300k ADA/mo or 10k ADA/day in buy pressure (current volume is ~100k/day).
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Serotonin has a new profile cover. 4 months ago

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