Umee Governance, Tokenomics, and Rebranding Proposal
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99.95%
Proposal #107 description
This proposal aims to offer a pivotal update to Umee's tokenomics and governance framework through 3 major steps:
Tokenomics Restructuring:
Transition from infinite supply to a fixed supply model.
Implement an inflation cycle of initially 2 years, governed by UMEE holders.
Gradual reduction of inflation rate by 25% after each cycle.
Adjust inflation_min from 7% to 5.25%.
Adjust inflation_max from 14% to 10.5%.
Speed up inflation rate adjustments from 1 year to 6 months.
Governance Drop Program:
Decentralize Umee's governance further.
Enable community contributors and key Cosmos and DeFi ecosystem members to participate in governance.
Delegated members eligible for staking rewards.
Chain and Token Rebrand:
Propose a name change from Umee Chain to UX Chain (UmeeX)
Suggest changing the token's ticker symbol to UX.
A move to ensure legal compliance and provide a fresh identity.
Vote YES for these changes:
A more resilient tokenomics model, broader community participation, and a refreshed brand identity that aligns with legal requirements.
Vote NO for these changes:
Retain the current tokenomics model, governance structure, and chain name.
