gitopia

Prop 6: Software Upgrade Proposal for improving the token economics and enabling the ecosystem airdrop

Summary
This Software Upgrade Proposal includes the following changes which were discussed in the earlier signaling proposals.
- Inflation is set to 15% and decrement of 1% every year
- Reduce the existing “Ecosystem Rewards” allocation from 30% to 15%
- Introduce a new “Platform Incentives” pool, funded by 15% of inflation-based rewards
- Enable ecosystem airdrop

## Proposal Details
This Software Upgrade Proposal is for introducing the changes as discussed in the earlier signaling proposals.

### Reforming the Inflation Policy for Long-Term Sustainability
This fundamentally revises the inflation model of Gitopia’s native token, . It presents a shift from the current maximum inflation rate of 35%, designed to halve every 2 years over 11 years, to a more sustainable framework. The new model advocates for an initial rate of 15%, with a planned annual decrement of 1%, eventually dwindling to zero over a 16-year period, while preserving the hard cap of 1,711,136,479 tokens.

Signalling proposal link

### Restructuring Ecosystem Rewards for Platform Incentives
Reallocating a portion of the current 30% ecosystem rewards generated from inflation to a separate fund called “Platform Incentives.” The aim is to dedicate 15% of the inflation-based rewards to incentivize active and meaningful participation in the Gitopia platform, particularly focusing on open-source contribution and collaboration.

Signaling proposal link

### Enable Ecosystem Airdrop
This will enable ecosystem airdrop for delegators in Cosmos, Osmosis and Akash network.

## Release binaries
gitopiad v3.0.0

## Upgrade time
The upgrade height is 6,072,000, which is approximately around Sept 15th, UTC 16:30.

## Governance Voting Options
Below are the choices available for voting on this proposal and their corresponding implications:
- Vote YES: By voting YES, you express your support for the software upgrade.
- Vote NO: A NO vote signifies your disagreement with the proposed software upgrade.
- Vote NO WITH VETO: Voting NO WITH VETO indicates that you view the proposal as irrelevant to Gitopia, a potential infringement on minority interests, or as a proposal that either violates or encourages the violation of the rules of engagement as defined by Gitopia. If votes cast under this option exceed a third of the total votes, the proposal will be rejected and all deposits will be burned.
- Vote ABSTAIN: By voting ABSTAIN, you are participating in achieving quorum while formally choosing not to express an opinion in favor or against the proposal.

Field
Data
info
{"binaries":{"linux/amd64":"https://server.gitopia.com/releases/Gitopia/gitopia/v3.0.0/gitopiad_3.0.0_linux_amd64.tar.gz?checksum=sha256:3f629afcfe568240b736b58342f81960012ef7bc6b00988bb291d51a42787d60"}}
name
v3
time
0001-01-01T00:00:00Z
height
6072000
upgraded_client_state