https://juicebox.money/#/tiles/
When paying the TileDAO treasury—either directly, or by buying a Tile in the primary sale—TILE ERC-20 tokens are rewarded proportional to how much ETH was paid.
The discount rate allows for decreasing the amount of TILE tokens rewarded per ETH paid over time. A discount rate of 0% means the ratio will always remain the same. A higher discount rate % will cause the ratio to decrease by that percentage each time a new funding cycle starts.
Setting a higher discount rate would allow the DAO to reward those who pay the treasury earlier with more TILE tokens on average, creating incentive for new members to buy Tiles earlier than later.
Currently the discount rate is set to 0%.
The purpose of this vote is to decide what the discount rate should be starting at funding cycle #2, which begins 7-22-21 6:30pm ET.