veTINC Adjustment Proposal

Background

With Tiny World continuing to grow and operate, the DAO staking has been steadily increasing. At the moment, the total staked TINC has reached 15,614,401, which accounts for 27.7% of the total circulation.

The game's title system, which is a significant driving force for staking TINC, plays a crucial role in the development of Tiny World. However, due to the overall bear market in the cryptocurrency industry, the values of the titles set at the game's launch one year ago are no longer suitable for the current ecosystem. To ensure the title system continues to play a vital role, we propose:

Proposal

1. The maximum lock-up period for DAO staking being extended to 2 years, and 2 veTINC will be rewarded for every TINC locked up for 2 years.

2. The number of veTINC required for in-game titles is linked to the average TINC price over 72 hours, and the demand multiplier is automatically adjusted. The specific rules are as follows:

TINC Price($USD)	Required VeTINC
>0.6	1 Time
0.05~0.6	2 Times
<0.05	4 Times

The TINC price range above is the same as the floor price of the in-game market.