Chain4Energy

DePIN Energy

Proposal Details

Proposal #3

Passed

Proposal title

Strategic Reserve Delegation Program v1.0

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

100.00%

Proposal #3 description

This proposal aims to introduce Strategic Reserve Delegation Program v1.0 (SRDP).

Chain4Energy will allocate 54.000.000 C4E from the Strategic Reserve Pool.

This allocation will be splitted into four categories:

  • Eligibility: 4M C4E,
  • Early supporter: 10M C4E,
  • Objective: 34M C4E,
  • Subjective: 6M C4E.

Eligibility and Early supporter criteria will be evaluated and assigned manually by the core team. Objective criteria will be evaluated automatically based on KPIs that are tracked and evaluated on a monthly basis. Subjective criteria are parameters which are not possible to evaluate on-chain, therefore the CORE Team will take care of this and score them individually on a quarterly basis.

The detailed specification of the Strategic Reserve Delegation Program v1.0 is here.

Motivation

The Chain4Energy team is willing to become the most decentralized and bulletproof chain in the cosmos ecosystem. As of today, before launching the SRDP, the team is forced to decide arbitrarily about delegation to a specific validator set. This is not a healthy situation and negatively affects decentralization. The program has been designed in such a way as to encourage validators to contribute to the development of the Chain4Energy ecosystem and reward them for achieving high KPIs. The team also wants to reward the Early Supporters who joined at the very beginning with an additional delegation that will be due as long as the validator is eligible for the SRDP.

Proposal #3 overview

Total votes
74
Voters
73
Total deposit
10,000 C4E