This proposal introduces a Buyback and Burn mechanism for the $NS token. Fees collected in $SUI or $USDC from name registrations and renewals will be periodically used to market-buy $NS tokens. Of the purchased tokens, 80% will be burned, while 20% will be retained in the DAO treasury to support ongoing ecosystem initiatives. As more tokens are burned, the total token supply of NS decreases such that over time each NS token will represent a larger share of votes eligible for governance, strengthening the relative voting power of active participants in the SuiNS ecosystem.
DETAILED MECHANISM:
When users buy or renew a name with $SUI or $USDC:
The protocol will periodically aggregate collected fees and market-buy $NS tokens using those funds. From the purchased tokens:
80% will be periodically burned.
20% will be allocated to the DAO treasury, strengthening the ecosystem treasury for future use.
When users buy or renew with $NS directly:
80% of the $NS tokens paid will be periodically burned.
The 80/20 split between burn and DAO treasury—especially when users pay in NS—makes sense and helps create natural, ongoing buy pressure.
On the implementation side, I’m curious about how the team plans to handle the timing and size of buybacks, since that could impact price behavior.
If this part of the design is in progress, sharing some of the development process could be a great way to bring in contributors from the community who want to help out!
the size of buyback already mention. About the “periodically burned” time, the team will discussion and announcement it later. Thank for your suggestion.
This is the best Proposal so far, and we will vote Yes.
UP is doing great with this strategy, and before that was Hype.
It not only reduce the supply, but also create buying pressure. Boost investor’s sentiment, and bring value to current Token Holders.
Lets do it guys. ASAP.
The 20% allocated to the DAO treasury—what is the plan for utilizing it? There needs to be a clear strategy to drive the price of NS or, at the very least, boost marketing efforts for NS and its community. I propose that you allocate this 20% towards marketing initiatives, such as organizing promotional events in countries with strong Sui communities. This approach will help attract new users to NS and foster its growth.
i happy to hear Buyback and burn but i want your treasury or revenue to buy blue chip NFT or lending on suilend and use this to GA for users have a great top article on X or somewhere in social. thank for your news
I like this proposal. I hope NS will have more activities/proposals to push NS to go further. At the same time, team should also think about making NS price to be up.
