As March 2024 comes to an end, Equation DAO is honored to share the results and progress of the past month. This report aims to share with you our latest progress and achievements in market layout, product innovation, technology development and team building, and we also hope to take this opportunity to listen to your valuable opinions and suggestions.
Technical updates
This month, Equation DAO launched two proposals that have been successfully implemented:
Validate time: 2024/3/20
Proposal content:
With the migration of users from v1 nearing completion, this proposal suggests using the remaining v1 RBF funds, which total approximately $286,000, to buy back and subsequently burn EQU.Upon approval, the buyback and burn operation will be conducted within one month, and the details will be made public afterwards.The vote on this proposal will begin at 10:00 UTC on March 18, 2024, and will last for two days.
Validate time: 2024/3/20
Proposal content:
To reduce the inflation rate of EQU and to reserve ample mining quotas for the long-term development of the project, the proposal suggests adjusting the daily emission amount of EQU from 10,000 to 5,000.
Product Data
Token:
- EQU latest price: $18.18
- EQU daily output: 5,000
- Total EQU Mint amount: 1,511,960.76
- Total EQ claims:1,470,089.30
- Total locked amount of EQU: 1,040,997.40
- Total EQU circulation: 219,655.21
- Total amount of EQU destroyed: 277,276.30
- Number of EQU currency holding addresses: 1014
DApp:
- Equation Daily Emissions Halving Proposal Implementation
- Equation v1 RBF Money Buyback Destruction EQU Proposal Implementation
- Pool APR Algorithm Adjustment
Data growth:
- The total trading volume of the Equation contract has reached $8,606,544,940
- The total fee income of the Equation protocol has reached $271,419
- Equation Open Interest $13,188,141
Marketing
Equation and Vaultka Enter Partnership.
Equation and Atem Network Enter Partnership.
Equation and MetaTdex Enter Partnership.
Equation and PulsarFinance Enter Partnership.
Equation and SynboDAO Enter Partnership.
Equation and Bitroo Enter Partnership.
Equation and PredXAI Enter Partnership.
Equation has officially joined NFTScan. Equation partners with 12 influencers.
Equation and BridgeM Enter Partnership.
Marketing Activities
· EquationDAO V2 Trading Fees Discount Campaign
Event platform: EquationDAO
Event date: Mar 4, 2024 — Apr 30, 2024
· EquationDAO community event
Event date: Mar 8, 2024 — Apr 8, 2024
Event platform: Discord
Reward: Equation Founders Club NFT
· Equation participated in the crypto summit in Moscow, Russia.
Event date: Mar 20, 2024
Event platform: Moscow
Sincere thanks to all the partners who support Equation! Your trust and encouragement are the greatest motivation for us to move forward. At this moment, we are standing at a critical point in our history, and our development team is working hard to prepare for an unprecedented event; the release of V2 is just a milestone on our road of exploration, not the end of the road. We are looking beyond our immediate accomplishments to a broader future.
