[HIP-5-3] Improving HMX’s Tokenomics for Long Term Growth

Background:

This proposal follows the community discussions on HIP-5 part 2, which introduced an extended vesting period for esHMX tokens of 36 months. This proposal aims to clarify the treatment of esHMX tokens that were already in the vesting process prior to the implementation of the new tokenomics changes.

For more information and background discussion raised by a community member, please visit https://forum.hmx.org/t/ethics-strategic-discussion-hip5-increasing-vesting-period-of-eshmx/

Objective:

To determine whether esHMX tokens that were put into vesting before the HIP-5-2 vote (Jul 15, 2024, 09:00 AM UTC) should be exempted from the DP requirements and the new 36-month vesting period proposed in HIP-5 part 2.

Proposed Change:

Exemption for existing vesting esHMX: esHMX tokens that have been put into vesting before HIP-5-2 vote (Jul 15, 2024, 09:00 AM UTC) will not be subject to the new extended 36-month vesting period or the DP requirements. These tokens will maintain their original 12-month vesting period.

Summary of the proposed change:

If you vote FOR on this proposal, esHMX tokens already in vesting before the HIP-5-2 vote (Jul 15, 2024, 09:00 AM UTC) will maintain their original vesting criteria - 12 months and no DP requirements.

If you vote AGAINST on this proposal, all esHMX tokens, including those already in vesting before HIP-5-2, will be subject to the new vesting conditions - DP requirements and extended 36-month vesting period.