Chroma: a Tiered Recognition Program to Reward and Incentivize MurAll Participation

This proposal aims to introduce Chroma: a tiered reward system for MurAll, designed to incentivize community engagement and artwork creation on the platform. By recognizing the varying degrees of contribution to the MurAll ecosystem — from creating NFTs on the original Ethereum and Polygon walls to engaging with the Evolv3 platform — this model seeks to reward participants based on the value they bring. This system will also include PAINT tokens staking, albeit at a lower reward tier, to acknowledge initial participation in the MurAll ecosystem.

“Chroma” (meaning purity of color or intensity) as the name for MurAll’s tiered recognition program perfectly encapsulates the essence of creativity, diversity, inclusivity and vibrancy that MurAll represents.

Funding:

It is proposed to allocate 1,500,000,000 PAINT tokens from the treasury, accounting for approximately 15.9% of the current treasury holdings, to fund the rewards over a five-year period. This allocation balances between providing substantial rewards and preserving the treasury for future initiatives.

Impact:

The proposed staking model is expected to significantly boost community engagement by rewarding long-term holders and contributors. It aligns with MurAll's ethos of fostering a vibrant, active, and inclusive community. By differentiating rewards based on contribution levels, it ensures that those who invest more effort and resources into the platform are adequately recognized and compensated, thereby encouraging higher quality contributions and sustained participation.

Rationale:

MurAll stands at the intersection of art and blockchain, offering a unique platform for expression and creativity. To maintain and grow this ecosystem, it is crucial to incentivize meaningful contributions. The tiered staking model is an effective way to recognise and reward such contributions.

Implementation:

Recognition Tiers:

• Refine Tier: Original Ethereum and Polygon MurAll NFTs - 3x to 4x rewards multiplier, adjusted based on pixel count.
• Blend Tier: Evolv3 NFTs, with multipliers ranging from 1.5x to 2.5x, dependent on the amount of PAINT used for the creation of the NFT.
• Primer Tier: PAINT tokens - Awarded a 1x base rate multiplier as an acknowledgment of initial participation within the MurAll ecosystem.

Reward Distribution:

A daily reward pool will be established, sourced from the allocated PAINT tokens. Distribution to participants will be in accordance with their asset's tier and the calculated value of their stake. Development and implementation of smart contracts will be carried out to effectively manage the allocation process, calculate multipliers accurately, and facilitate reward distribution.

Regulatory Compliance and Geographical Considerations:

In recognition of the diverse regulatory landscapes across different jurisdictions, specific measures will be implemented to ensure compliance with local laws and regulations. Participation from jurisdictions with known restrictions on digital asset staking or similar activities, notably the UK, will be excluded from this program. This decision underscores our commitment to operational integrity and legal compliance, ensuring that MurAll’s initiatives remain accessible and equitable within permitted boundaries.

Governance and Program Adjustments:

A governance framework will be established to enable the MurAll community to propose, deliberate, and implement adjustments to the recognition program. This ensures the program remains dynamic, equitable, and aligned with the evolving needs and values of the ecosystem.

Timeline:

The development and testing phase of the recognition program and its supporting smart contracts are projected to span 3 to 4 months. This timeline accounts for the complexities associated with implementing a cross-chain recognition system.

Following the completion of the development phase, the program will be officially launched.

The program will then enter a phase of ongoing evaluation, with monthly reviews and adjustments informed by community feedback and governance proposals.

Conclusion:

By voting in favour of this proposal, the MurAll DAO will embark on a strategic initiative to cultivate a more vibrant, engaged, and enduring ecosystem. This tiered recognition program not only acknowledges the invaluable contributions of our community members but also amplifies the appeal and utility of both the MurAll platform and the PAINT token. In our commitment to compliance and regulatory awareness, participation in this program will be tailored to respect geographical legal frameworks, specifically excluding participants from jurisdictions such as the UK, where such initiatives may conflict with local regulations. We encourage all DAO members to support this proposal, fostering the continued growth and innovation of MurAll in a manner that is both inclusive and compliant.