Taycan Mainnet Inflation Application and Parameter Change Proposal. Hello, this is the next-generation payment platform, HUPAYX.

08 Nov 2022, 04:08
📢Taycan Mainnet Inflation Application and Parameter Change Proposal📢 Hello, this is the next-generation payment platform, HUPAYX. The inflationary proposal on the Taycan mainnet, which had been delayed to ensure sufficient staking participation of existing holders, is registered. Please check the proposal's contents and participate in voting if you agree. You can participate in the vote on the Taycan Wallet 'Governance' and press the button to express your opinion on the relevant vote. There is a fee for generating voting participation transactions, so you must have sufficient SFL. In addition to applying inflation, there is a change in the relevant parameters. This is a measure to realize the gap between existing holders and new entrants and to prevent a decrease in the value of coins due to excessive inflation compared to the circulation and staking quantity. The initial inflation value of 750,000,000, the maximum inflation of 0.4, and the bonding target of 0.66 will be changed to 48,000,000, 0.1, and 0.3, respectively. According to the above parameters and the actual bonding rate, the number of inflation coins is variable, and 0.8 of the total inflation coins are distributed as rewards. Due to inflation, the total supply gradually rises, and a proposal to stop inflation is proposed when the total supply reaches 10 billion SFL. If the proposal is passed, the above changes will also be reflected in the published whitepaper. Staking rewards by inflation are accumulated in the Taycan wallet. The reward coin becomes a coin that can be used through the claim function, and a transaction fee is required to make a claim, so SFL is needed. This proposal will run for two days, and if a quorum participates and consent is processed, the team will apply it to the chain by the end of voting, and inflation will occur. Thank you.

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08 Nov 2022, 04:08
📢Taycan Mainnet Inflation Application and Parameter Change Proposal📢 Hello, this is the next-generation payment platform, HUPAYX. The inflationary proposal on the Taycan mainnet, which had been delayed to ensure sufficient staking participation of existing holders, is registered. Please check the proposal's contents and participate in voting if you agree. You can participate in the vote on the Taycan Wallet 'Governance' and press the button to express your opinion on the relevant vote. There is a fee for generating voting participation transactions, so you must have sufficient SFL. In addition to applying inflation, there is a change in the relevant parameters. This is a measure to realize the gap between existing holders and new entrants and to prevent a decrease in the value of coins due to excessive inflation compared to the circulation and staking quantity. The initial inflation value of 750,000,000, the maximum inflation of 0.4, and the bonding target of 0.66 will be changed to 48,000,000, 0.1, and 0.3, respectively. According to the above parameters and the actual bonding rate, the number of inflation coins is variable, and 0.8 of the total inflation coins are distributed as rewards. Due to inflation, the total supply gradually rises, and a proposal to stop inflation is proposed when the total supply reaches 10 billion SFL. If the proposal is passed, the above changes will also be reflected in the published whitepaper. Staking rewards by inflation are accumulated in the Taycan wallet. The reward coin becomes a coin that can be used through the claim function, and a transaction fee is required to make a claim, so SFL is needed. This proposal will run for two days, and if a quorum participates and consent is processed, the team will apply it to the chain by the end of voting, and inflation will occur. Thank you.
Taycan Mainnet Inflation Application and Parameter Change Proposal. Hello, this is the next-generation payment platform, HUPAYX.
📢Taycan Mainnet Inflation Application and Parameter Change Proposal📢 Hello, this is the next-generation payment platform, HUPAYX. The inflationary proposal on the Taycan mainnet, which had been delayed to ensure sufficient staking participation of existing holders, is registered. https://taycan-cosmoscan.hupayx.io/proposals/4 Please check the proposal's contents and participate in voting if you agree. You can participate in the vote on the Taycan Wallet 'Governance' and press the button to express your opinion on the relevant vote. There is a fee for generating voting participation transactions, so you must have sufficient SFL. In addition to applying inflation, there is a change in the relevant parameters. This is a measure to realize the gap between existing holders and new entrants and to prevent a decrease in the value of coins due to excessive inflation compared to the circulation and staking quantity. The initial inflation value of 750,000,000, the maximum inflation of 0.4, and the bonding target of 0.66 will be changed to 48,000,000, 0.1, and 0.3, respectively. According to the above parameters and the actual bonding rate, the number of inflation coins is variable, and 0.8 of the total inflation coins are distributed as rewards. Due to inflation, the total supply gradually rises, and a proposal to stop inflation is proposed when the total supply reaches 10 billion SFL. If the proposal is passed, the above changes will also be reflected in the published whitepaper. Staking rewards by inflation are accumulated in the Taycan wallet. The reward coin becomes a coin that can be used through the claim function, and a transaction fee is required to make a claim, so SFL is needed. This proposal will run for two days, and if a quorum participates and consent is processed, the team will apply it to the chain by the end of voting, and inflation will occur. Thank you.