# Proposal: Burn the Vortex Bancor 3 Captured BNT

**URL:** <https://gov.bancor.network/t/proposal-burn-the-vortex-bancor-3-captured-bnt/4415>\
**Category:** DAO Archive (SUBMITTED)\
**Created:** [August 14, 2023, 3:59pm UTC](https://gov.bancor.network/t/proposal-burn-the-vortex-bancor-3-captured-bnt/4415 "2023-08-14T15:59:11Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![alphavalion](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/alphavalion/32/2562_2.png) [@alphavalion](https://gov.bancor.network/u/alphavalion)\
**Post date:** [August 14, 2023, 3:59pm UTC](https://gov.bancor.network/t/proposal-burn-the-vortex-bancor-3-captured-bnt/4415/1 "2023-08-14T15:59:11Z")

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Expected on Snapshot on August 20th, 2023

Bancorians should decide what to do with the BNT amount we captured from the Bancor 3 vortex.  
This amount currently sits at exactly 1,041,563.82 and can be found via this [link](https://etherscan.io/readContract?m=normal&a=0xeEF417e1D5CC832e619ae18D2F140De2999dD4fB&v=0xe2a2773a1aa412f10b9f338334f2d62b25dcd1f7#readCollapse9) ( Select value 9).

I am proposing to burn the total available captured BNT in the contract above in its entirety. As it stands, this BNT doesn’t reflect in the official numbers for circulating supply on Etherscan. That’s why we need to officially burn it to make this transparent for the community.

How will this burning will be managed? That I will leave to the devs, the only thing that’s important is that it happens safely and is reflected in the BNT contract.

# For

Burn the entire captured BNT amount in the pendingNetworkFeeAmount

# Against

Do nothing

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**Author:** ![AnimaDunk](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/animadunk/32/164_2.png) [@AnimaDunk](https://gov.bancor.network/u/AnimaDunk)\
**Post date:** [August 14, 2023, 4:26pm UTC](https://gov.bancor.network/t/proposal-burn-the-vortex-bancor-3-captured-bnt/4415/2 "2023-08-14T16:26:05Z")

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Burning should be easy btw, we have already done this before in the below proposal:

> [@Burning the vortex v3 captured BNT](https://gov.bancor.network/t/burning-the-vortex-v3-captured-bnt/4243/19):
>
> Proposal was voted an approved. There is currently ~142,851 BNT that has accumulated so far since the last burned that occurred as part of this proposal.

It’s a no-brainer to burn this.

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**Author:** ![foxsteven](https://avatars.discourse-cdn.com/v4/letter/f/838e76/32.png) [@foxsteven](https://gov.bancor.network/u/foxsteven)\
**Post date:** [August 15, 2023, 9:36am UTC](https://gov.bancor.network/t/proposal-burn-the-vortex-bancor-3-captured-bnt/4415/3 "2023-08-15T09:36:48Z")

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Thanks for the proposal @alphavalion - I am in agreement on this.