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BibliothecaBibliothecaby0x13Af372f9609907656c146A8C00A94D8B2790a5c0x13Af…0a5c

Approve $LORDS distribution

Voting ended about 4 years agoSucceeded

Summary

This proposal seeks to establish several elements of the LORDS distribution and tokenomics to ensure the long-term viability and relevancy of the Realms platform. We would propose an initial cap of 500m LORDS (whether this is a hard cap is yet to be voted by the community to allow for future flexibility)

Proposed Distributions

Core Team (5%) - Allocated for months spent by the Bibliotheca team to launch the Settling game on StarkNet and to establish the Realms economy. Half (2.5%) of these will be awarded at mainnet launch of the Settling game, and the other half will be allocated 3 (2.5%) months later.

Bibliotheca DAO treasury (20%) -Allocated to fund the future development of the game including marketing, developer bounties, artistic creations and other opportunities as decided by the DAO (currently governed by Realm holders). This will be unminted until the DAO votes.

Liquidity (5%) - Allocated for establishing initial liquidity pools (resources and ethers) and for incentives to liquidity providers.

The Journey (1% first 10 weeks, 0.5% thereafter) - Allocated to Realms that embark on the Journey (staking) to layer 2 in the process approved in the prior proposal at https://snapshot.org/#/bibliotheca.eth/proposal/0xd1cd38aa6fd44bc595aeb577232b31ce3dfde8db1c57df4f95ae5bf287b42ec3 The rate (1% initially) will be allocated at a fixed rate per epoch (e.g 625 LORDS per realm per week) - which would distribute the full amount proposed if all 8000 Realms are staked.

Remaining Lords What to do with the remaining Lords after the period has finished will be decided on with a vote after mainnet launch.

https://docs.google.com/spreadsheets/d/1oY_xCCOwiChdvCPMnZQeN-RE0GRwJZvXW5W11Z8i9H4/edit#gid=0

Off-Chain Vote

I Approve of this plan
1.85K 99.8%
Let’s rethink some elements
4 0.2%
Download mobile app to vote

Timeline

Dec 01, 2021Proposal created
Dec 01, 2021Proposal vote started
Dec 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated