Gala Games Introduces Daily Emission Model for $GALA Tokens
Gala Games has presented a new governance proposal to shift from a halving schedule to a daily emission model for $GALA tokens. The objective is to establish stability and predictability in the token distribution process.
Background and Reasoning
The current halving schedule for $GALA tokens has faced criticism for its impact on token distribution, particularly when burn rates fluctuate. These fluctuations can result in abrupt changes in token emissions, disrupting the ecosystem’s economic stability. The proposed daily emission model aims to address these issues by offering a more gradual emission curve.
- Factors affecting burn rates can lead to unpredictable token emission under the current halving tiers.
- The new daily emission model plans to emit 0.25% of the remaining gap between the total supply and max supply each day.
Plan for Implementation
- End the current halving schedule immediately.
- Introduce the daily emission model, with emissions calculated as 0.25% of the remaining gap between total supply and max supply.
- Update all relevant documentation to reflect these changes post-implementation.
Expected Benefits
Stability: Minimizing market shocks associated with halving events to create a more stable economic environment.
Predictability: Providing clearer expectations for node operators and potential investors, facilitating long-term planning and investment strategies.
Governance and Voting Process
This proposal will undergo a governance vote, necessitating majority approval from Founder’s Node operators. The voting window will last at least one week to allow all operators to participate and express their views.
- Voting Period: Open for one week from the proposal announcement.
- Eligibility: All Founder’s Node operators (1 vote per Founder’s Node).
- Majority Requirement: Simple majority of 51% needed for proposal approval.
Vote Inquiry
Should the $GALA dynamic halving schedule shift to a system where 0.25% of the difference between Total Supply and Max Supply is emitted daily?
Yes: In favor of the emission update for stable and predictable token emissions.
No: Against the update, preferring to retain the dynamic halving tier-based system for emissions.
The transition to a daily emission model at 0.25% of the remaining gap between total supply and max supply signifies Gala Games’ strategic evolution. Stakeholders are encouraged to carefully consider this proposal.
Proposed by: Jason Brink / BitBender, LFG Incorporated
Hot Take: Consider the Future of $GALA Tokens
As Gala Games looks to establish a more stable and predictable token distribution model, the proposed shift to a daily emission system reflects the project’s commitment to adapting to changing economic realities. Stay informed and engaged in the governance process to shape the future of $GALA tokens!
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