Percentage based VP

by 0x07356b0edf9b934330f41952b09d076c3810c608 (Bet)

Currently the circulating MANA supply is 1.3b VP

The LAND supply is 90,000 * 2,000VP = 180m VP (minus roads, districts and plazas)

NAME supply is 31,000 = 3.1m VP

Wearables = 0 VP

My proposal is that we transition to a percentage based system to calculate VP.

MANA	49%
LAND	49%
NAMES	1%
WEARABLES	1%

Example of a vote:

| ITEM | % | YES | % | NO | |---|---|---| |MANA | 42% | 600,000 mana vote yes | 7% |100,000 mana vote no | |LAND | 9.8% | 20 land vote yes | 39.2% | 80 land vote no | |NAME | 0.1% | 10 names vote yes | 0.9% | 90 names vote no | |WEAR | 0.5% | 0 wearables vote yes | 0.5% | 0 wearables vote no | | Result | 52.4% | YES |47.6% | NO |

Yes would win in this example.

There would still be a minimum MANA VP for grants.

Why change it? There are a lot of institutions that have full custody of their customers MANA that could vote on proposals against our communities interest. Similar to how steem was hijacked by tron. https://www.coindesk.com/tech/2020/03/02/why-crypto-should-care-about-justin-suns-steem-drama/ . I believe this proposal would make it more fair for the users. Suggestions in the forum.

• I approve of this upgrade!
• Keep it as it is.
• Invalid question/options

Vote on this proposal on the Decentraland DAO