Openfund is a web3-native fundraising platform that allows you to start, fund, and trade the Next Big Thing. Imagine Kickstarter meets Coinbase.
The first Openfund fee buy-back has been completed. Openfund will automatically buy back $openfund with fees earned at random intervals.
As fees grow, and after TWAP orders launch, we will switch to using TWAPs for buy-backs.
We are working on a dashboard to show fee earnings and buy-backs.
This proposal is complete! Fees collected will be used to buy & burn $OPENFUND tokens.
The fee switch will be enabled as soon as we are finished with the UI upgrades, which should be within a few weeks.
Openfund Fee Distribution Mechanism
Should fees generated be distributed via buy & burn of $openfund tokens, via direct distribution to $openfund token-holders, or by some other mechanism? If another mechanism wins, we will run a new proposal that includes that new mechanism.
1. Buy & burn
2. Direct distribution
3. Other mechanism
