All Sushi Tokens Are Now In Circulation, Need For Major Reward Plan Updates

Sushi has announced in an X post that all SUSHI tokens are now in circulation, as the total supply of 250 million tokens has been minted.Β 

As all the tokens have been minted, Sushi will no longer release new tokens, and there will be no further unlocking of tokens, leading to significant updates in the current reward plans.Β 

The V2 reward plan will terminate today, while the V3 reward plan is expected to end around December 8, 2023.Β 

Sushi stated that its future focus will shift towards strengthening its token economic model, moving away from continuous token unlocking and token reward distribution. Currently, SushiSwap has updated its token economic model, but it will not be deployed.

Read Also: SushiSwap Surges 80%, This Cohort Joins The Party

SushiSwap has also announced that Kanpai 2.0 will end on January 23, and the platform will return to the xSushi model. The Sushi Bar will reopen, allowing xSushi holders to earn a portion of the Sushi DEX trading fees.Β 

By staking Sushi in the Sushi Bar, Sushi holders will receive xSushi and be entitled to collect 0.05% from the standard 0.3% transaction fee.

Disclaimer: The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *