The voting is still in progress and deadline is getting closer! All the TNB holders are welcomed to participate in voting and exercise your rights!

According to TNB white paper, M.I.T Foundation had planned to transfer MiaoA China ecology, which accounts for 18% total supply of TNB. However, due to policy and business model upgrading, etc, the plan only implemented user migration incentives and about 1,025,728,386 TNB were left unused. As the white paper said, this portion of TNB should be burnt on August 26th 2018.Given that the TNB white paper does not reserve TNB share for mining incentives, changing usage of this portion TNB to mining incentives is also an option for the long-run development of TNB.In line with the intention of community autonomy and determined by M.I.T Foundation, the following three options are provided for all the TNB holders who will vote by shares (1TNB = 1vote).

Options:

1) Burn it all.

2) Reserve it all (mining incentive).

3) Burn a portion and reserve a portion (mining incentive). Voting proportion is decided by voters.

Remarks:

1) If the third option wins the most votes, M.I.T Foundation will decide the specific proportion according to the full results of the vote and the method is as follows.

Coin burn proportion = Σ(TNB amount of each voter * vote ratio for coin burn) / TNB amount of all voters.

2) The TNB share that TNB team holds and TNB in lock-up position will not be count towards the vote.

3) If you have decided to waive the voting rights by using your TNB share, we wish you still could vote in an informal way to submit your valuable suggestions.

4) If you have participated in formal voting, please be sure to deposit your TNB in personal wallet that uses signature until the end of the voting, otherwise will consider as invalid votes.

5) Voting deadline: 23:59 (UTC+8) August 23rd 2018.