BILLEXC to CENTUSX redemption voting results

CENTUS
2 min readJan 24, 2022

In the January 17, 2022 news, due to the lack of CENTUSX purchases during the past year, four redemption options were offered to BILLEXC holders:

The results of the voting that took place between January 17, 2022 and January 23, 2022 among BILLEXC holders are as follows:

46 participants with 30,799,880,5416 BILLEXC tokens voted:

1 BILLEXC = 1 VOTE

  1. Exchange of BILLEXC to CENTUSX with the cancellation of peg to the US dollar — 0.01 USD and the establishment of a free exchange rate for CENTUSX
  • 3,479,906.438 VOTES

2. Extension of BILLEXC circulation up to 5 years (maximum period during which BILLEXC can be converted back to CENTUSX)

  • 0 VOTES

3. Exchange of BILLEXC to a new CENTUS at a ratio of 10:1 to the addresses of security deposits with the accrual of seigniorage basic income at the appropriate rate

  • 10,066,365.83 VOTES

4. Exchange BILLEXC to DBC with a ratio of 1:1. You can use the received DBC tokens in DBC pools to receive seigniorage in the amount of 0.5% weekly to the Bounty address.

  • 17,021,802.36 VOTES

Additionally, there are 2 alternative options:

1. Exchange BILLEXC to CENTUS with a ratio of 1:1 to the security deposits addresses without receiving seigniorage basic income, but with a gradual withdrawal to the main wallet min. 10% per month.

  • 14,139 VOTES

2. Exchange BILLEXC to CENTUS with a 1:1 ratio to the main addresses (non-multisig) with the receipt of a seigniorage basic income at the appropriate rate.

  • 217,666.9136 VOTES

Due to the fact that no option received an absolute majority of votes (51%), the following solutions were considered by the DBC holders:

1. To choose option 4 as having the highest number of votes.

2. To hold a 2nd round of voting, in which the participants should choose one of the 2 options that received the highest number of votes (options 3 and 4).

3. Since the 4 options put to the vote do not overlap in any way, allow BILLEXC owners to use any of the 3 options that received the maximum number of votes.

Two alternatives were not considered due to the small number of votes.

As a result, it was decided to allow BILLEXC holders to use any of the 4 options at their discretion.

Please ask the CENTUS admins to technically prepare a procedure for all exchange options that received the maximum number of votes (1, 3, 4 options), after which the information will be published for its further implementation.

Good Luck to Everyone and Stay with CENTUS!✌️🤝

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