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ETCPOW Emission Schedule vote

ETCMC Team Statement on Reward Reduction Strategy.

In light of the ETCMC network's significant success and rapid expansion, we've reached a pivotal moment that calls for strategic adjustments to sustain our momentum. The enthusiastic participation and growth of our community underscore the network's strength and potential.

To ensure the continued prosperity and stability of our ecosystem, we, the ETCMC team, believe that adopting a higher option for rewards reduction is the best course of action. This approach is driven by our commitment to:

  • Sustain Growth: Ensuring the network remains vibrant and sustainable for the long haul.
  • Maintain Stability: Preserving the economic health of our ecosystem against the backdrop of our rapid expansion.

Our preference is for a substantial reduction to ensure the network's longevity, but we emphasize that the final decision rests on a community-wide vote. This process highlights our commitment to transparency and inclusivity, allowing the community's choice to dictate our direction.

We urge our community to participate actively in this vote. Your vote is crucial in shaping the future of the network. While we suggest a significant reduction, it's the community's vote that will decide our course of action.


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Please enter your ETC wallet address for membership verification *
Please enter your ETC wallet address for membership verification  *
Eligibility for voting 
To participate in the voting, individuals must be ETCMC DAO NFT holders.
All votes will be carefully verified to ensure each voter holds an NFT.
Multiple submissions from the same voter will be identified and disregarded, ensuring each participant has only one counted vote.
Reduction Options.

Option 1: 50% Reduction

Benefits:

  • Enhanced Scarcity: Significantly reduces availability, potentially elevating token value.
  • Extended Distribution: Prolongs the distribution timeline, ensuring rewards are available for a longer term.

Risks:

  • Entry Deterrent: Higher reduction may discourage new nodes from joining due to lower rewards.
  • Adjustment Period: The ecosystem might need time to adapt to the new emission rate, which could impact participation and engagement.

Option 2: 40% Reduction

Benefits:

  • Significant Scarcity: Creates a notable decrease in token availability, which could improve token value.
  • Balanced Distribution: Extends the rewards distribution over a longer period without as steep a decrease as the 50% option.

Risks:

  • Potential Entry Barrier: Might still deter new nodes with the substantial decrease in rewards.
  • Moderate Adjustment Needed: Requires adaptation by the ecosystem but to a lesser extent than the 50% reduction.

Option 3: 30% Reduction

Benefits:

  • Moderate Scarcity: Offers a balanced approach to scarcity and availability, potentially stabilizing token value.
  • Sustained Rewards: Ensures a gradual reduction in rewards, maintaining incentives for node participation.

Risks:

  • Balance Challenge: May not create enough scarcity to significantly enhance token value while risking dissatisfaction due to reduced rewards.

Option 4: 20% Reduction

Benefits:

  • Gradual Change: Provides a smoother transition for the community and nodes, minimizing disruption.
  • Maintained Incentive: Keeps rewards attractive for both new and existing nodes, supporting continued participation.

Risks:

  • Limited Scarcity Impact: Less effective in creating scarcity, potentially having a minimal impact on elevating token value.
  • Future Adjustments Needed: Likely requires further reductions sooner if desired scarcity levels aren’t achieved.

These options are structured to give the community a clear understanding of the implications of each reduction percentage, facilitating an informed decision through the voting process.


Once the community vote concludes, we will swiftly implement the chosen reduction percentage. Our commitment to catching up with the previous emission schedule is paramount, ensuring our network aligns with its intended economic roadmap without further delay.

*
Dynamic Node-Based Adjustment (Analogous to Mining Difficulty):

Just as mining difficulty adjusts based on the number of miners to ensure block times remain consistent,

ETCPOW's emission rate will adjust based on the number of active nodes.

For every increment of a set amount of nodes joining the network, the emission rate will decrease by the set percentage.

This is to ensure that as more nodes come online and the network grows, the rewards are distributed more widely,

preventing hyperinflation.

Conversely, if the node count drops below a set threshold (e.g., the last 500-node increment) for a prolonged period of time, the emission rate will increase by the same set percentage.

This acts as a counterbalance, ensuring that if the network shrinks, remaining nodes are adequately incentivized.

Number of nodes at which the reductions will take place. *
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