As the governance token of salmonswap, #SAL token holders are entitled to take reign of the new pool listing on salmon.
The candidates are Top 10 Pairs (ordering by liquidity) on JustSwap, dates now they are:
For each new pool, they would have 50k allocation with 7 day running time. (As we are already very close to the sSwap.io launch.)
- You need to stake your #SAL token to vote.
- You can only choose one pair when vote, and the choice can NOT be changed later on.
- Your #SAL token will be locked until the vote is over.
- To incentive #SAL token holders to vote, staked #SAL will earn staking rewards, the rewards will be able to withdraw once the vote is over.
- The Vote will run 2 days, with total staking rewards of 5000 #SAL. The #SAL will be distributed equally according to staking time and amount. (Works the same way like yield farming)
- There will be another additional 5000 #SAL rewards for the Top 1 Pair voters. This rewards will be distributed once the vote ends, and according to the amount of #SAL you staked.
- Top 1 and Top 2 pairs will be added to new pools.
- The vote will be launched by Sep 7th, 2020. Stay tuned and get updates later!
The team is now actively discussing sending extra unused #SAL tokens to empty address to burn. We are considering hold a vote later regarding how many #SAL tokens we are going to burn this time. Follow closely on the updates!