Proposal for Tiny Farm Emission Reduction Adjustment

Background

According to Tiny World whitepaper, the current emission reduction rules are: All farming and play-to-earn pool that produce TINC will be divided into 3 types.

• Main Pool: Reduce the emission every 6 months, with 25% reduction each time.
• Innovation Pool: Reduce the emission every 3 months, with 30% reduction each time.
• Temporary Pool: Time-limited pool, will be closed when the time is up.

Existing mining pool type:

• Main Pool: Boost Pool (BNB-TINC LP)
• Innovation Pool: NFT Pool, Tiny Lord Pool, Tiny Kingdom Leaderboard.

After one year of reduction, the overall inflation rate of TINC has become healthy and stable. To keep the vitality of the economic model, the team proposes to reduce the magnitude of emission reduction. Here are the adjustment plans:

Proposal

The rules for the Tiny Farm emission reduction are adjusted to:

• Main Pool: Reductions occur every 12 months, with 30% reduction each time.
• Innovation Pool: Reductions occur every 6 months, with 30% reduction each time.

The NFT Farming Pool and Tiny Lord Pool are reclassified in the main pool, with others remaining the same.

Since the NFT Pool and Tiny Lord Pool reduced emissions last week, the new emission reduction rules will take effect immediately.

The new reduction rules for Tiny Kingdom and TINC-BNB LP boost pool will take effect after the next reduction, which will be on 22/06/2023 and 07/09/2023 respectively.

Note: In the future, we may establish new TINC mining pool by new products of Tiny World according to the situation to maintain the healthy operation and improvement of the entire platform.