I am hoping that this proposal will help to encourage staking, reward validators, and help to replenish both the oracle & community wallets, as well as contributing to burning tokens to help reduce the circulating supply.
This will require the community to also do their bit, not just sit and hope that someone else does the work and reap the rewards as the stakers bag grows bigger.
If everyone that stakes comes together, then everyone wins, everyone contributes and does their bit no matter how small, and the dream of seeing this Blockchain thrive is a positive prospect that all involved can be proud of and demonstrate to all stakeholders we are in it together.
To try and provide a proposal whereby everyone wins, bring the community together from the small bag holder to big business on one proposal and help burn tokens, generate capital, and bring on developers to move the Blockchain forward.
This proposal would require a cap of 20% APY “example % or a % that works” This is to be be hard coded to capture ALL staked LUNC tokens. The 20% staking rewards in the example would be distributed as follows:
Current staked tokens (bonded) = 947,269,798,350
• 5% Staking rewards to the token holders. = 47,363,489,917
• 5% Sent directly to the oracle reward pool. = 47,363,489,917
• 5% Sent directly to the community pool. = 47,363,489,917
• 5% Sent directly to the burn wallet. = 47,363,489,917
1)The token holder will get a 5% yield on their investment.
2)The oracle reward pool will receive 5% so that it can continue to fund the staking rewards and validator commission.
3)The community pool will receive 5% to pay for existing and additional staff, and fund promotion of the blockchain, also to help onboard new utility etc.
4)The burn wallet would also receive 5% to aid in the reduction of total supply.
In essence: Annually at current rates.
Nearly 47,500,000,000 tokens burned and out of the circulating supply, nearly $6,500,000 each at current market price (00014) for the Oracle and Community pools to help grow and fund the blockchain.
The % APY is scalable (current example 20% APY), the % of the rewards and distribution will track the APY % accordingly and will be subject to an annual proposal and community vote to see if the proposal is still valid.
Validators are essential for the security of the blockchain, the proposal is for a hard cap of 5% of all individual validator rewards to be hard coded to automatically be directed to the burn wallet, the remaining rewards are the validators to help make it a rewarding and hopefully profitable endeavor.
This would also generate a big boost to the burns at a fixed 5%, also scalable if not feasible due to running costs and help the motivation to run a validator, as the project grows this will also be subject to the annual proposal review to ensure it is meeting the purpose it was designed to do.
This should help incentivize active validators and help with the even distribution of staking to even the voting % across the validators as the rewards for the people staking is equal regardless.
I am hoping that to help drive the bigger picture where all stakers large and small will see the benefit of helping to reduce the supply whilst still getting a return on the staked tokens.
These are my thoughts, pick it up and change it, run with it, adapt it, or bin it… I am not one to sit or take it personally, but would rather make a suggestion than wait for something to happen. Win, lose, or draw.
I do not know if my suggestion is doable in real terms, but would be happy for a 5% return on my staked tokens knowing that I was also contributing to the reward pools, burns and “doing my bit” things can change in the future I just thought it may be worth a shot.