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SPI GovernanceSPI Governanceby0x3B04e36A67Bb610ea22A053a34D5D1186524e8d50x3B04…e8d5

Operation Coinmaker GSPI Fee

Voting ended over 4 years agoSucceeded

First of all, I like the idea that the newly listed projects have to buy GSPI. But unfortunately, I don't really like the idea that they have to stake for one year. On the positive side, the circulating supply of GSPI will be smaller and therefore the value per token will increase faster. On the other hand, there will be a lot of selling pressure after one year, when one project after another will realize their profits in GSPI. Therefore two proposals, both based on the fact that the projects have to buy GSPI:

  1. the purchased GSPI must be burned. This way the advantage that the circulating supply gets smaller and smaller is permanent and we don't have a huge selling pressure after one year.
  2. the purchased GSPI should be distributed to the stakers and possibly also locked. Stakers will not sell their GSPI at the next possible moment and therefore the circulating supply will become smaller and smaller, because stakers will accumulate GSPI. At least then several thousand GSPI will not be sold at once.

Off-Chain Vote

They need to burn GSPI
587.12 17.5%
The purchased GSPI should be distributed to the stakers
0.02 0%
No change, they should lock the GSPI for one year
2.77K 82.5%
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Timeline

Jun 26, 2021Proposal created
Jun 26, 2021Proposal vote started
Jul 10, 2021Proposal vote ended
Oct 26, 2023Proposal updated