This proposal is dedicated to the question of burning 7 million XRT, which are currently locked in a Dutch auction smart contract on Ethereum. The proposal is part of the overall vote (the other part is presented on the Ethereum network [using](https://snapshot.org/#/developers.robonomics.eth) the [Snapshot](https://snapshot.org/#/0.robonomics.eth) [platform](https://snapshot.org/#/1.robonomics.eth)) and is intended for XRT holders on the Robonomics parachain on Kusama.

By supporting this proposal, you **agree** that 7 million XRT should be burned.

More information about a tokenomics development and tokens burning:

[https://robonomics.network/blog/7-years-of-robonomics-development-and-burning-7-million-xrt/](https://robonomics.network/blog/7-years-of-robonomics-development-and-burning-7-million-xrt/)

More information about Town Hall 2022 and voting process:

[https://robonomics.network/blog/robonomics-town-hall-2022](https://robonomics.network/blog/robonomics-town-hall-2022)

### Technical details

The proposal is to execute a transaction with the `system.remark` call, which contains the following string:

> Proposal: 7 million XRT tokens, which are locked in a Dutch auction smart contract on Ethereum, should be burned.

The system remark was chosen because it actually does not affect any change in the state of the Robonomics chain, but allows us to find out the opinion of holders with storing the voting results in the parachain.

Encoded call hash:

```
0xe645b9be617271b8e5ce496b0a0b7eb101bca7719bd1f5c32788ac5ae4d237db
```

Encoded call data, which can be decoded on Robonomics parachain:

```
0x0a01c50150726f706f73616c3a2037206d696c6c696f6e2058525420746f6b656e732c20776869636820617265206c6f636b656420696e20612044757463682061756374696f6e20736d61727420636f6e7472616374206f6e20457468657265756d2c2073686f756c64206265206275726e65642e
```

### Voting process

The functionality of voting is practically identical to voting on the Kusama network. First, the community chooses which proposal will be put to a referendum at the beginning of the next launch period (the duration of which can be seen on the Governance -> Democracy on the parachain portal) by endorsement  of proposals with XRT. The proposal with the largest sum of endorsements wins.

Then, from the next launch period, the referendum begins. The community votes either **aye** or **nay**, and with the ability to amplify their vote with more tokens. Used tokens are locked for the duration of the voting and can be returned after it ends. More about this mechanism can be found on the Polkadot wiki:

[https://wiki.polkadot.network/docs/learn-governance](https://wiki.polkadot.network/docs/learn-governance)

- This proposal is about burning 7 million XRT tokens.
- XRT holders on the Robonomics parachain on Kusama can vote on this proposal.
- The proposal suggests using a system remark to find out the opinion of the holders.
- The voting process is similar to voting on the Kusama network.
- More information about the proposal and voting process can be found on the provided links.

[Town Hall] Vote to Burn 7 Million XRT

No Active Proposals