From 0f9828c1e9b2754eae3fd772a30ca32ae6ae9a7a Mon Sep 17 00:00:00 2001 From: William Richter <88400283+WRRicht3r@users.noreply.github.com> Date: Wed, 10 Nov 2021 14:10:48 +0100 Subject: [PATCH 1/2] Create VALVestingRFP --- open_rfps/VALVestingRFP | 34 ++++++++++++++++++++++++++++++++++ 1 file changed, 34 insertions(+) create mode 100644 open_rfps/VALVestingRFP diff --git a/open_rfps/VALVestingRFP b/open_rfps/VALVestingRFP new file mode 100644 index 0000000..a0a6c22 --- /dev/null +++ b/open_rfps/VALVestingRFP @@ -0,0 +1,34 @@ +VAL Vesting RFP +**Proposal Due Date** +17th November 2021 +**Proposal Overview** +Vested VAL for XOR ERC-20 holders in accordance to SORA v2 implementation and SORA v2 Tokenomics Referendum + +**Proposal Goals (list with explanations where possible)** +Implementation of the tokenomics as per the SORA v2 Tokenomics referendum (https://medium.com/sora-xor/sora-new-economic-order-tokenomics-referendum-31581e8b649) and the VAL deflationary tokenomics (https://medium.com/sora-xor/sora-validator-reward-token-val-c96a8afb8541) + +**Scope of Work (describe the scope of work in as much detail as possible)** +Implementations to include: ++VAL vested per day to each XOR, as a remainder portion of the VAL that are burned everyday (burned amount -10% -daily validator reward %). ++Burn VAL with every transaction on the SORA network + +**Current Roadblocks and Barriers to Success** ++VAL tokenomics require a shift to adapt to the proposed implementations. + +**Evaluation Metrics and Criteria (definition of done should be as clear as possible)** +Once this proposal is completed the following will be implemented: ++Constant reduction of VAL total supply ++VAL will only be available through the initial airdrop, staking or nominating. ++Half of XOR used in SORA network transaction fees will be used to buy back and burn VAL tokens ++New VAL tokens will be minted to reward validators and nominators for the SORA network; rewards start at 90% of VAL burned within a 24-hour period and decreases daily, down to a flatline of 35% after 5 years. ++10% of the amount of VAL tokens burned within a 24-hour period will be minted every day and given to the SORA Parliament + +**Submission Requirements** +Fulfill evaluation metrics and criteria. +Pull requests to paths as outlined within Submission Method done before Due Date. + +**Submission Method (which folder on GitHub to submit a proposal to)** +https://github.com/sora-xor/rfps + +**Project Due Date** +1st December 2021 From dc02fd276a3e8402360e2559569714649ad0d4d7 Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?=E6=AD=A6=E5=AE=AE=E8=AA=A0?= Date: Wed, 19 Jan 2022 11:00:51 +0400 Subject: [PATCH 2/2] Update VALVestingRFP --- open_rfps/VALVestingRFP | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/open_rfps/VALVestingRFP b/open_rfps/VALVestingRFP index a0a6c22..eb0b891 100644 --- a/open_rfps/VALVestingRFP +++ b/open_rfps/VALVestingRFP @@ -31,4 +31,4 @@ Pull requests to paths as outlined within Submission Method done before Due Date https://github.com/sora-xor/rfps **Project Due Date** -1st December 2021 +1st February 2022