FRS Halting

The Core team believes that the supply of SYNC has reached acceptable levels and that the FRS may need to halt for the betterment of the project. It is obvious that the FRS has had its fair share of augmentations by governance because of some negative effects on the SYNC economy such as dilution -- and with bonds maturing soon, which will result in more minted coins, many believe that it may be time to cancel the FRS and get ahead of those events .

Halting the FRS would mean that the only way that new SYNC is made would be through maturing Cryptobonds - therefore if SYNC is needed, buyers will have to go to Uniswap, or some other exchange. In the background, the SYNC team will need to fill the FRS with enough ETH that it is not worth it for anybody to use it, and we will remove it from our website. We will place the reserve SYNC directly into a multi-sig wallet, and periodically burn the (would-be) public half of the SYNC.

The FRS is the only method that the SYNC team/servers/project receive revenue, and once it stops, revenue will stop coming in. The team is accepting this, and if it is voted that the FRS is discontinued, the team may in the future have to use SYNC for costs, although only by governance passing. This is how it seems that many other projects in the space are doing it.

This means that future votes may include paying SYNC from the governance treasury back to the devs. The devs agreed to 5% of the FRS funds each for the development of the SYNC platform, and that platform has been provided since launch, however for the development of the announced lending platform, the devs may ask the community for ETH or SYNC from treasury reserves depending on the amount of work that becomes required for the collateralization market which is currently already in development.

Choices :

1. I am okay with cancelling the FRS, ending the flow of ETH into the project, and accept that in the future, Governance proposals will commission SYNC to pay services and development
2. I do not believe the FRS should be cancelled, and I believe that FRS dilution is not a problem within the SYNC economy.