New Time Period for Reward Redistribution in Collector Staking

Currently, $PMON is redistributed to the Collector Staking pool after it has not been claimed for one year. Since claiming = gas fees, we are introducing a new (off-chain) button. This button enables you to maintain your active status without an on-chain transaction and having to pay gas fees.

In regards to this new button, we plan to adjust the period of time during which you have to maintain your status in order to prevent the redistribution of your earned rewards. This will also help us to prevent so-called "dead wallets" and only reward our active community members.

Now it's up to you to decide which period of time you think is best to maintain "active status" (via either claiming one's earned rewards or confirming with the newly introduced button):

• Every 2 weeks
• Every 4 weeks
• Every 8 weeks

Example: If you vote for "Every 4 weeks", you'll have to either claim your rewards or press the button every 4 weeks in order to prevent your rewards from being redistributed. If you don't maintain your status, your rewards for the past 4 weeks will be sent back into the Collector Staking pool. This won't affect your previously earned/claimed rewards.

This new program will not affect your already distributed rewards and will only apply to new rewards distributed after the system has been implemented.

If there is not a majority (>50%) vote for one answer, we will pick a weighted average. For example, if option 1 gets 20% of the vote, and options 2 and 3 each get 40%, the weighted average would be 5.2 weeks, which we would round to 5 weeks.

Jump in our Discord for more information and discussions.