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r/datadaor/datadaoby0x0000053AAd26AE191180ee74AE6CDcc9BF87ACa20x0000…ACa2

RDAT Tokenomics Update for Vana Mainnet Transition

Voting ended about 1 year agoSucceeded

photo_2024-11-28_01-43-45.jpg Summary: As part of RDAT DAO’s transition from the Base network to the Vana Mainnet, we propose a new tokenomics model to support the migration, incentivize new data contributions, and ensure long-term ecosystem growth. The new tokenomics model will increase the total supply to 100 million RDAT tokens and allocate them to key areas that will drive the project’s growth and sustainability.

Background: The current RDAT tokenomics model has a supply of 30 million RDAT tokens. To support r/datadao’s expansion and incentivize data contributions, we are proposing an increase in the total supply to 100 million tokens. This update is essential for:

  • Ensuring a smooth migration to Vana Mainnet.
  • Rewarding new data contributors during the next phase of data aggregation.
  • Supporting liquidity and staking mechanisms to drive token utility.
  • Fueling RDAT DAO’s long-term growth through ecosystem development and treasury funds.

Proposal: We propose the following tokenomics allocation for the new total supply of 100 million RDAT tokens:

New Token Details:

Token Name: r/datadao Ticker Symbol: $RDAT Blockchain: VANA Total Token Supply: 100,000,000 $RDAT

Allocation

  • Migration Reserve 30% : 30.000.000 100% unlocked at TGE.

  • Future Rewards 30% : 30.000.000 0% unlocked at TGE. Unlock begins when Phase 3 and subsequent phases are initiated.

  • Treasury & Ecosystem Development 25% : 25.000.000 10% unlocked at TGE. Cliff of 6 months, then unlocks 5% monthly afterward.

  • Liquidity & Staking 15% : 15.000.000 33% unlocked at TGE for liquidity, with the remaining used for staking incentives.

  • Total Supply : 100.000.000 This is a fixed supply

Rationale:

This tokenomics proposal is designed to:

  • Migration Reserve: Ensure a seamless migration process for RDAT holders when transitioning to the Vana Mainnet.

  • Rewards for New Data Contributors: Encourage the contribution of new, high-quality data that is crucial for the continued success of RDAT.

  • Treasury & Ecosystem Development: Provide r/datadao with the resources necessary to fuel development, partnerships, DAO Structure, and overall ecosystem growth.

  • Liquidity & Staking: Facilitate liquidity for RDAT token holders and incentivize staking to promote engagement with the token.

Budget:

  • We will allocate 5,000 USDT from the first data sale as rewards for contributors involved in this migration.

Next Steps:

  • Vote on the new tokenomics proposal on Snapshot.
  • If approved, begin implementing the new tokenomics structure during the migration to the Vana Mainnet.
  • Monitor the distribution and adjust as necessary to ensure smooth operations and continued growth.
  • We will provide official liquidity to support the stability and growth of the DAO

Off-Chain Vote

Approve
2.92M RDAT99.2%
Reject
22.8K RDAT0.8%
Quorum:294125440%
Download mobile app to vote

Discussion

r/datadaoRDAT Tokenomics Update for Vana Mainnet Transition

Timeline

Nov 28, 2024Proposal created
Nov 28, 2024Proposal vote started
Nov 30, 2024Proposal vote ended
Nov 30, 2024Proposal updated