Changes to Inflation Rate and Community Fee

Passed
Proposal passed.
YES
100%
13.655M SCRT
ABSTAIN
0%
0 SCRT
NO
0%
0 SCRT
NO (VETO)
0%
0 SCRT
PROPOSAL 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: ipfs.io
PROPOSED PARAMETER CHANGES
Subspace/Key Value
mint / InflationMin
"0.070000000000000000"
mint / InflationMax
"0.150000000000000000"
mint / InflationRateChange
"0.080000000000000000"
distribution / communitytax
"0.02"
VOTES
Missing voting data.
DEPOSITS
Missing deposit data.

Comments

Newest First
Info #16
2020-07-07 at 09:50 UTC
22%
14M of 63M SCRT have voted.
Tallying Procedure
33.4%
50%
33.4%
0.0