Implement a cap of 750,000 XIO for bi-weekly compensation to Core contributors.
Goal
Problem Currently, if XIO is to go down in value, we have to pay more XIO tokens to Core Contributors. While this is not currently a massive issue, it is something that could spiral inflation quite quickly if we do not implement a contingency plan.
For example: at $0.10 and $100k/monthly, this is 1M tokens hitting the market on a monthly basis. Assuming a 40M circulating supply, that is roughly 30% inflation per year. Here are some more examples to show how quickly this can get out of hand.
In the bottom example, we would run out of XIO tokens from the treasury in less than 1 year.
While we are fortunate to have stable coins to backstop a super bad spiral, it is something we need to get ahead of in preparation for any market conditions.
Solution If we remain below 750,000 XIO in bi-weekly compensation, everything stays the same.
However, if we go above this, this is what would be expected to happen.
Essentially, this ensures we are not paying more than 1.5M XIO per month.