[HIP-5-2] Improving HMX’s Tokenomics for Long Term Growth

This is the second part of the HIP-5 vote. The section regarding the increase in the vesting period of the forum proposal did not have unanimous support within the community. To avoid impacting the entire proposal, we decided to conduct this vote in two parts.

Background:

The HMX token has faced challenges due to recent market conditions, leading to a constant price decline. While market factors are largely responsible for the overall decrease in altcoin prices, this presents an opportunity to revisit and adjust HMX tokenomics to benefit all holders.

Objective:

Improve the price action of the HMX token by reducing short term sell pressure from vested HMX tokens.

Proposed Changes:

Extended esHMX vesting period: The vesting period for esHMX tokens will be increased from 12 to 18, 24 or 36 months. This extension will allow users to realize their gains over a longer period, thus promoting project stability.

Summary of the proposed changes:

Current Tokenomics:

12-month vesting period for esHMX

Proposed Modifications:

18, 24 or 36 months extended vesting period for esHMX

Benefits:

Protects long-term holders' interests. Reduces short-term selling pressure.