Polkadex has succesfully burned 1M PDEX
<img src="https://i.postimg.cc/br1mbZZD/Snapshot.png" alt="" width="852" height="346" /> Despite this burn Polkadex max supply is still above 22M PDEX Native: 20,789,200 ERC20:&nbsp;<span style="font-family: __Poppins_21b249; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 500; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial; text-decoration- display: inline !important; float: none;">1,899,411

Total supply:&nbsp;<span style="font-family: __Poppins_21b249; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-style: initial; float: none;">22,688,611 PDEX Considering a monthy inflation of 127,500 PDEX, this proposals aims to burn 2 Million PDEX allowing the project to grow until December 2024 when max supply will reach 22M PDEX again.
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<img src="https://i.postimg.cc/jqvvfxr3/burn.png" alt="" width="387" height="339" />
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Source: <a title="Native PDEX" href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadex-mainnet-rpc.dwellir.com#/explorer">https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadex-mainnet-rpc.dwellir.com#/explorer</a> <a title="ERC20" href="https://etherscan.io/token/0xf59ae934f6fe444afc309586cc60a84a0f89aaea#balances">https://etherscan.io/token/0xf59ae934f6fe444afc309586cc60a84a0f89aaea#balances</a>

The proposal from Subsquid Lab Official outlines ongoing development and maintenance costs for public Subsquid Archives and the Giant Squid API. It covers the provision of archives, a crucial component of Polkadot and Kusama data infrastructure, offering access to on-chain data for various parachains. Additionally, the Giant Squid API provides GraphQL endpoints for exploring relay and parachain statistics, supporting a wide range of projects. The proposal seeks funding for the continued operation and expansion of these services. Overall, it aims to enhance accessibility and usability of on-chain data for developers and users within the Polkadot and Kusama ecosystems.

Polkadot's sponsorship of the two-day Soulbound event during the Bali Blockchain Summit in August demonstrated significant benefits for Polkadot, as evidenced by the aftermovie and other success metrics.

The Bali Polkadot community organized 9 bi-weekly BlockTalk meet-ups, engaging over 270 participants, to share updates on Polkadot, the crypto market, and Blockchain and Web3 concepts.

Establishment of the Polkadot Sanctuary in Bali, providing a rent-free space as a central hub for Polkadot enthusiasts to access resources and foster collaboration.

Five Polkadot Ambassador Candidates have been onboarded to expand Polkadot's network and drive adoption in Bali, with one candidate already becoming a fully-fledged ambassador.

Efforts to persuade the local government to adopt Substrate and utilize the Polkadot ecosystem have been fruitful, creating job opportunities for substrate developers in the region.

The Polkadot community successfully hosted the Polkadot Decoded Viewing Party, drawing 70 attendees and showcasing the technological advancements and possibilities of Polkadot, igniting interest within the local blockchain community.

The Polkadot Sanctuary brand has been established across social media platforms, including Twitter and Telegram, with plans for website reconstruction by year-end.

- **Problem Statement:** Polkadex has burned 1M PDEX, but the max supply is still above 22M PDEX, with a monthly inflation of 127,500 PDEX.
- **Significance:** The proposal aims to burn an additional 2M PDEX to manage growth until December 2024 when the max supply will reach 22M PDEX again.
- **Proposed Solution:** Burn 2 million PDEX to control inflation and ensure sustainable growth.
- **Expected Outcomes:** Maintain a manageable supply of PDEX until December 2024, aligning with the project's growth goals.

Burn 2,000,000 PDEX

No Active Proposals