@everyone -
**Balancing the Auctions**
The changes to the auction from the latest DAO Vote is now implemented to our contract! Hats off to our incredible @dev team. Their innovative coding has made it possible for us to reward, in graduated increments, the long-term staking behavior that will continue to grow Axion into the wealth generator that we all know it can be. The front-end website update goes live at the start of the Axion day tomorrow, in time for the remaining 2BN+ tokens available this week!
**Recap of changes from tomorrows auction onwards (Jun 4th)**
- Both auctions are set to the same price as Uniswap and are capped at 100%.
- Regular auction bidders will receive a 10% AXN Bonus.
- VCA bidders will receive 10% cashback in wBTC as before.
- A new bonus will be added to the principal AXN amount when the auction winnings are staked. This starts at 6% for stake over 350 days, up to 20% for Max Shares stakes.
- The referral links are now being retired, and in its place, the @Core Team will now be building an outline for the Axion Verified Partner Network, a way to transparently reward approved community members that want to support Axion in its goal of #EthicalFinance.
Just another day in the life of Axion, as we show the world a #betterwaytocrypto.
~Bryan 'Punky' Newbrite
**Balancing the Auctions**
The changes to the auction from the latest DAO Vote is now implemented to our contract! Hats off to our incredible @dev team. Their innovative coding has made it possible for us to reward, in graduated increments, the long-term staking behavior that will continue to grow Axion into the wealth generator that we all know it can be. The front-end website update goes live at the start of the Axion day tomorrow, in time for the remaining 2BN+ tokens available this week!
**Recap of changes from tomorrows auction onwards (Jun 4th)**
- Both auctions are set to the same price as Uniswap and are capped at 100%.
- Regular auction bidders will receive a 10% AXN Bonus.
- VCA bidders will receive 10% cashback in wBTC as before.
- A new bonus will be added to the principal AXN amount when the auction winnings are staked. This starts at 6% for stake over 350 days, up to 20% for Max Shares stakes.
- The referral links are now being retired, and in its place, the @Core Team will now be building an outline for the Axion Verified Partner Network, a way to transparently reward approved community members that want to support Axion in its goal of #EthicalFinance.
Just another day in the life of Axion, as we show the world a #betterwaytocrypto.
~Bryan 'Punky' Newbrite
