omniflix

Prop 55: Adjustment of FLIX Token Inflation Parameters

Title: Adjustment of FLIX Token Inflation Parameters

Summary

This proposal seeks to adjust the annual inflation rates of the FLIX token to ensure alignment with the original target of reaching a total supply of 1 billion FLIX over a 7-year period.

Context

The FLIX token commenced inflation on April 20, 2023, with an initial supply of 300 million tokens. The intended inflation schedule aimed to increase the total supply to 1 billion tokens by 2030.

Article :

https://mirror.xyz/omniflixnetwork.eth/ofhbzvUBx5WjrrGyNWHSnGYFDA3NtnmIGko16cxYG4M

As of March 29, 2025, approximately ~1.93 years into the inflation schedule, the total circulating supply stands at ~449M FLIX and the total supply is at ~518 million FLIX (disclaimer: data is provided to CoinGecko by OmniFlix Foundation, via a public API end point, verifiable across other sources too), indicating an average annual inflation rate at ~37% of the initial supply.

Proposal Details

To realign the inflation schedule as accurately as possible with the original target, it is proposed to adjust the annual inflation rates as follows, effective April 20 each year.

For 2025, the proposed param changes are:

InflationMin : 13.55%

InflationMax : 13.60%

BlocksPerYear : 5,437,241 (5.8s Average Block Time)

These adjustments are designed to gradually reduce the inflation rate, ensuring a steady increase in supply while approaching the 1 billion FLIX target, as planned, by 2030.

Further inflation and deflationary discussions are encouraged in order to improve network tokenomics and to better align incentives but at this point in time, this proposal aims to align with the original plan to reach the total supply of 1B by the end of the 7yr period in 2030.

Rationale

The proposed adjustments aim to:

  1. Provide a clear and predictable inflation schedule for stakeholders
  2. Stay true to the initial tokenomics plan of reaching 1 billion FLIX in total supply over 7 years
  3. Maintain adequate incentives for creators, communities, validators/media node hosts & delegators that participate in the economy of the network while balancing rate of issuance of FLIX.

Inflation Schedule

The schedule to reach a maximum supply of 1B $FLIX minted by 2030 would need a rigorous schedule and, subject to further governance, below is the reference of the same:

  • 2025: ~13.55%
  • 2026: ~15.41%
  • 2027: ~13.32%
  • 2028: ~11.78%
  • 2029: ~10.53%

Implementation

Upon approval, the proposed inflation rates will be automatically implemented through a parameter change on the OmniFlix Hub.

Discussion

The discussion regarding this proposal is currently live on the OmniFlix Hub Discord Server. You can join the conversation and share your insights by visiting the following URL 👇

https://discord.com/channels/749707815106642022/1318895332490346576/1318895332490346576

Voting Options:

  • Yes: Approve the adjustment of the FLIX token inflation parameters as outlined.
  • No: Reject the proposed adjustments and maintain the current inflation schedule.
  • Abstain: Express neutrality on the proposal.