VitaDAO Community Rejects Proposal for BIO Token Distribution

According to PANews, a proposal submitted by the VitaDAO community to distribute 6.9 million BIO tokens to VITA and VITA IPT holders has been rejected. The proposal outlined a distribution plan of 5.52 million BIO tokens to VITA holders and 1.38 million BIO tokens to VITA IPT holders, utilizing multiple snapshots and a tiered mechanism to ensure fairness. The implementation was scheduled for the period between January and March 2025. However, the proposal did not receive the necessary support from the community.