Proposal to Introduce Rally Network Updates

Summary/Abstract: Delphi Digital has been working in close collaboration with the core Rally team and recently posted their first set of recommendations to the Rally community to Discourse at https://forum.rally.io/t/proposal-token-bonding-curve-examination-tbc-templates/925/13.

This proposal, if passed, will introduce a new linear bonding curve and its initial parameters, implement a vesting schedule on creator genesis supply, and introduce an optional pre-sale for new creator coin.

Please also review the full Delphi Digital proposal https://docsend.com/view/d94ir3aqpgttmwww, as well as community feedback on the Discourse discussion noted above.

Proposal for review This proposal, if passed, will effectuate the following actions:

Create an alternative linear bonding curve to complement the current sigmoidal curve with the same parameters as outlined in the full proposal documentation:

• 21MM max creator coin supply cap
• 210MM max total $RLY locked
• 5MM coin genesis supply
• Fixed slope from end of genesis supply through max supply cap
• Allow experimentation on post genesis starting price and slope while preserving above parameters

Implement the following vesting schedule for a creator’s genesis creator coin supply:

• 50k creator coins unlock immediately
• 10% of supply unlocks after a 6 month cliff
• Additional 3% of supply unlocks each month through the end of year 3
• All coins unlocked in the genesis supply will be subject to flow controls
• Vesting will also be capped so a creator won’t own more than 50% of the circulating supply at any point (i.e. in order to unlock all 5MM coins in the genesis supply, you must garner enough support for 10MM+ coins in circulation)

Include an optional pre-sale allowing a cohort of early participants to acquire a batch of new creator coins at the same price before the bonding curve’s price dynamics begin.

• No limit will be placed to the amount of pre-sale coins available in order to encourage more early participants.
• Creators will be allowed to customize their pre-sale in terms of duration, price, and whether the pre-sale is private or public.
• Allow the pre-sale price to serve as the starting point for the bonding curve post-genesis supply.

Proposal

A Yes vote for this proposal would approve the updates to the Rally Network as outlined above.

A No vote would result in rejection of this proposal.