19 Million BONE

Proposal: Reallocation of 19 Million BONE for Shibarium’s Growth and Governance

A single address currently holds 19 million BONE, originally intended for validator node and voting rewards in Shibarium’s ecosystem. To optimize the use of these tokens and drive Shibarium’s long-term success, we propose a reallocation strategy that balances validator incentives, community rewards, and developer/marketing initiatives. This proposal, while initially suited for LEASH DAO, should be decided by BONE holders, as it directly impacts BONE’s role and Shibarium’s future.

Proposed Allocation of 19 Million BONE

1. Validator and Voting Rewards (9 Million BONE)

- Allocate 9 million BONE to fund validator node rewards and voting incentives. This amount is sufficient to sustain operations for an extended period.

- Since validator node applications are not currently open, voting rewards can be reduced by 60–80%, At the same time, ensure network security. This adjustment maintains attractive, loss-free staking incentives for BONE holders while preserving token supply for other priorities.

2. Developer and Marketing Fund (10 Million BONE)

- Dedicate 10 million BONE to a Shibarium developer support and marketing fund, managed by Shib DAO.

- These funds will support innovative projects, enhance Shibarium’s infrastructure, and drive marketing campaigns to increase adoption and visibility.

Security and Governance Measures

- Multi-Signature Wallet Management: Given past incidents of multi-signature wallet breaches, include highly trusted individuals or community-elected validators to enhance security.

- Community Oversight: Introduce a transparent process for fund allocation, with regular updates and community input to maintain trust and accountability.

Rationale for BONE Holder Governance

While this proposal could be initiated in LEASH DAO, the allocation of 19 million BONE significantly impacts BONE’s utility and Shibarium’s ecosystem. Therefore, BONE holders should have the authority to vote on this proposal through a decentralized governance process, ensuring alignment with the community’s vision for Shibarium’s growth.