Prop 107: Umee Governance, Tokenomics, and Rebranding Proposal

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.

Discussion: https://commonwealth.im/umee/discussion/13197-tokenomics-change-proposal