Proposal #8
Passed on 16 Jul 2021 with 99.3% of the votes for yes.
Yes
99.3%
99.3% without abstain
Veto
0.5%
of votes cast
Ended
16 Jul 2021
99.32%
of votes cast
0.01%
of votes cast
0.16%
of votes cast
0.51%
of votes cast
Our first inflation update was submitted on 11/19/2020 and went live on 12/3/2020, which lowered both inflation max and min by 5% (to 53% and 41% respectively) and changed the inflation rate change to 24% from 12%. This has resulted in a decrease of ~0.02% per day in the rate of inflation; as of 6/8/2021, actual inflation is currently 47.85% as of 6/24/2021.
Our modeled token supply by 9/25/2021 (12 months after mainnet launch) is supposed to be ~149.3mm AKT and we’re currently projected to exceed that threshold. In order to ensure we follow our deflationary curve as closely as possible and stay true to our economics as our network has matured, we will be proposing our second inflation proposal to adjust the following parameters:
These changes will put us back on track and start to decrease the growth rate of additional supply as deployments and usage continue to grow. These parameter changes are expected to take place in mid July, accounting for 1 week of discussions and 2 weeks for the proposal voting period.