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The attached image displays the proposed emission schedule. This would begin just as Genesis ends. If the proposal passes, 1453 $xHUBBLE will be used from the Protocol Reserves to fund this 18 day tapering event. In this reduced emissions proposal, no HUBBLE is emitted. Only xHUBBLE.
If this proposal fails to pass then the 1453 $HUBBLE will be burned from the reserves.
TLDR If you vote For, you are voting to emit a portion of the protocol reserves. If you vote Against, you are voting to burn a portion of the protocol reserves.