Websea is about to launch the global community vote on "WBS Deflationary Mechanism."

Dear Users,

The proposal to vote on whether to implement a token burn and deflation mechanism for WBS is set to commence on the Websea platform, following discussions within the Websea global community. The further planning of WBS will be determined by the community.

As a digital asset exchange for global youth, Websea adheres to the spirit of co-building and sharing in Web3. This voting event will fully reflect the concept of community autonomy in Web3, allowing every WBS holder to participate in important decisions regarding the platform's development.

Global Community Voting Rules:

The voting event consists of two parts: the vote count period and the community voting period. First, the WBS holdings of each user will be tallied, and voting numbers will be allocated based on these holdings. Then, the entire community will vote to decide whether to implement the WBS deflation and burn plan and how to execute it.

Vote Counting: 

The system will take snapshots of the WBS holdings in users' spot accounts at random times daily from March 1, 2024, 00:00 to March 7, 2024, 24:00 (GMT +8), and allocate votes based on the average daily holdings, with every 100 WBS equating to 1 vote. After the calculation is complete, you can check the number of votes available to your account and the number of votes cast on the voting page.

Community Voting: 

The voting period is from March 8, 2024, 00:00 to March 10, 2024, 24:00 (GMT+8). During this period, please go to the voting page and cast your votes for the proposal you support.

Vote Calculation: 

You can choose to vote for the proposal you support and allocate different numbers of votes to multiple proposals. The system will ultimately calculate the total number of votes each proposal receives to determine the final decision made by the community.

Result Announcement: 

The final results will be announced before March 15, 2024, 00:00 (GMT+8).

Every member of the Websea community has equal rights and opportunities to influence the platform's development. This vote on whether to implement a token burn and deflation mechanism for WBS is an important manifestation of the spirit of Web3 community governance. We sincerely invite all WBS holders to actively participate, jointly decide the future development path of Websea, and work together to build a more prosperous, open, and transparent Web3 world.

Websea Team

March 1, 2024