SNP#5 - SuiNS Buyback & Burn

As a user of Sui Network and the Sui NS, i think that the NS team could be push more about marketing and promote for the user, and plz take attention to the AEON !!!

2 Likes

I think team should buy back and burn NS, the team should have some deadline for your plan, do not delay!

2 Likes

“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”

→ I wonder this proposal is fine or not, because most of the people use NS to buy the domain name. I think we should include NS into the pack. ( NS, Sui, USDC )

4 Likes

Is this will be good for the price? I hope we will make some process soon, it’s the good timing to do something that directly affect to the price or we will be out race of the circle. It’s the money game, if we want to continues to bullish on NS, we will need something return and continues to using NS product in the long time.

I’m hoping it will be a good reset for NS team and release more good strategy.

3 Likes

I have high hopes for a project backed by Mysten Labs, and I’ve been waiting for you to make progress. I hope everyone will work quickly, with a clear timeline and deadlines. What I wish for the most in this proposal is simply that it will help improve the token price. Thank you!

4 Likes

Fully support this proposal.

NS has everything a project needs: strong fundamentals, solid attention, stable cash flow, real use cases… the only thing missing is a healthy price chart.

At times, it feels like $NS doesn’t have a team actively supporting its token like other projects do. That’s why this proposal is such a positive step, it’s a good move to bring attention back to $NS.

3 Likes

I thunk team should focus on let the price of the token go up!

2 Likes

we We need new areas for users of the NS application to use more. show us the true meaning of buy back and burn

1 Like

I support this proposal, thanks.

2 Likes

Absolutely ‘Yes’ to this proposal! In addition, please consider offering more benefits for the 1K Club as well as AEON holders.

1 Like

"We should support projects building on Sui, not just incentive farming on DEXs. In addition, we also have WLs, free mints, and some projects that want to launch on Sui. Besides that, we can organize events on platforms like GiveRep or Kaito, and offer rewards for participants

1 Like

Let’s hurry up :sweat_smile:

We have been waiting for quite a while.

2 Likes

We’ve been waiting for so long sir, please hurry up

2 Likes

I believe a strong project needs both solid fundamentals and strong community backing. One key factor that helps build and maintain a community is price performance. I hope the team will consider strategies that can help attract more community members and support sustainable growth. Looking forward to the future of the project!

2 Likes

SuiNS needs new projects, new products. Domain products are not special.

1 Like

Hope NS pump :)) . Do big something!

I propose burning 80% of $NS tokens used directly for domain purchases/renewals, aligning with the buyback-and-burn mechanism to drive price growth and empower the SuiNS ecosystem.

2 Likes

This is by far the strongest proposal we’ve seen, and we’re voting Yes . The current strategy is performing exceptionally well, a significant improvement from previous approaches. It effectively reduces supply, creates buying pressure , boosts investor sentiment, and ultimately adds value for current token holders . Let’s move forward with this immediately!

2 Likes

Very happy that the team is very active again, hope everyone in the team set a timeline to follow up on upcoming goals. This will show that the team is more active with the community.

1 Like

I think Buyback & Burn is very good but I feel that users are losing faith in NS when the price is quite low, if the price is not good then the community will gradually lose, I hope the team will pay more attention to NS price. In addition, I hope the NS team will give a clear roadmap for the upcoming intention and organize more activities for the community so that the project will be more successful and develop.

2 Likes