Berith Vote 001 Announcement of Approval

Berith
2 min readJan 27, 2023

Hello, This is Berith.​

We would like to inform you that the agenda

[Request to delete the minimum restriction requirements existing at the time of BERS Stake]

was officially approved with the approval of 35,800,013.383 BERS.​

Thank you very much for participating in the development of the Berith blockchain ecosystem through suggestions and votes. Please continue to participate in the future.

This 001 Agenda [Request to delete minimum restriction requirements existing at BERS Stake] contains two main points.​

1)

delete the limit for 100,000 minimum quantity held at BERS Stakes​

2)

Lower the entry barrier by canceling the quantity limit for new/additional steaks, not break immediately when making a steak break, but provide a three-day grace period to prevent reckless steaks and adjust the overhang to prepare a safety device for the market price.

* Overhang: Potential distribution volume that may suddenly be on the market.

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In this regard, we checked the development possibility and development duration of the development team during the voting process.

As it was the first agenda item, by preparing the work to be applied to the Berith blockchain faster if approved, we will complete the development of the updated version in early February and distribute it within one to two weeks after testing.

When the date of the development schedule is fixed accurately, we will notice it in the community.​

In the case of a grace period for termination of staking, the break will be processed immediately when applying for termination of staking, and lock-up will be applied for 3 days.

During the lock-up period, stacking could be carried out again.

In addition, we will add a function to cancel only some portions of the whole staking.

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Once again, we would like to thank all of you for your participation, and we will continue to work harder for a better Berith system.

Thank you.

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Berith

Blockchain Based Integrated Membership Business Platform