Proposals of #16

Changes to Inflation Rate and Community Fee

Exec Legacy Content
passed
Expected result
Turnout / Quorum
9.48% / 33.40%
Voting start 2020.07.07 at 12:07:27
Voting end 2020.07.14 at 12:07:27
100.00%
13 655 488 SCRT
Yes
0%
0 SCRT
No
0%
0 SCRT
Veto
0%
0 SCRT
Abstain

Details

logo
Proposer
-
Total deposit
1 001 SCRT
Submit time
2020.07.07 at 11:07:18
Deposit end time
2020.07.14 at 11:07:18

Description

Following significant discussions across different channels, this proposal suggests to update the network's inflation parameters and the community fee. It also signals a recommendation for a unique fee dedicated to sustaining the Secret Foundation.

Proposed changes are:

  1. Inflation Rate: Change to 7%-15%. In practice, this will lead to 15% inflation currently.
  2. Community Fee: Change to 2%.
  3. Foundation Fee: A new concept we recommend the network should adopt.

The full proposal, its description, rationale, and links to some of the off-chain discussions can be found here: https://ipfs.io/ipfs/Qmf6UYsrTx6CzfGeqMzDJAd3pMitNf1efE8ia9HpcJA7TB

Votes

Voter
Answer