Gala Games Proposes Shift to Daily Emission Model for $GALA Tokens

Gala
Games
has
unveiled
a
new
governance
proposal
aiming
to
transition
the
$GALA
token
distribution
model
from
a
halving
schedule
to
a
daily
emission
system.
This
proposal
is
designed
to
address
current
inefficiencies
and
promote
a
stable
and
predictable
token
distribution
model,
according
to

Gala
News.

Background
and
Rationale

The
existing
halving
schedule
for
$GALA
tokens
has
been
criticized
for
causing
abrupt
changes
in
token
distribution,
especially
when
burn
rates
fluctuate.
These
abrupt
changes
can
lead
to
an
inelegant
doubling
of
token
emissions
and
disrupt
the
economic
stability
of
the
ecosystem.
The
new
proposal
suggests
a
smoother
emission
curve
to
counter
these
issues.

Factors
affecting
burn
rates
can
cause
token
emission
to
fluctuate,
making
the
current
halving
tiers
inefficient
and
unpredictable.
A
situation
where
the
emission
oscillates
between
two
tiers
would
be
suboptimal.
The
new
daily
emission
model
aims
to
emit
0.25%
of
the
remaining
gap
between
the
total
supply
and
the
max
supply
each
day,
offering
a
gradual
and
consistent
token
release
that
better
suits
the
current
economic
realities
of
the
ecosystem.

Implementation
Plan

1. Terminate
   the
   current
   halving
   schedule
   immediately.
2. Implement
   the
   daily
   emission
   model.
   The
   emission
   will
   be
   calculated
   as
   0.25%
   of
   the
   remaining
   gap
   between
   the
   total
   supply
   and
   the
   max
   supply.
3. Update
   all
   documentation
   to
   reflect
   this
   change
   following
   implementation.

Expected
Outcomes

Stability:
Reducing
the
market
shocks
associated
with
halving
events
will
promote
a
more
stable
economic
environment.

Predictability:
A
smoother
emission
curve
provides
clearer
expectations
for
node
operators
and
potential
investors,
aiding
in
long-term
planning
and
investment
strategies.

Governance
and
Voting

This
proposal
will
be
subjected
to
a
governance
vote,
requiring
a
majority
approval
from
Founder’s
Node
operators.
The
voting
period
will
last
for
at
least
one
week,
ensuring
ample
time
for
all
operators
to
participate
and
voice
their
opinions.

Voting
Period:
Voting
will
be
open
for
a
period
of
1
week,
starting
with
the
announcement
of
this
proposal.

Eligibility:
All
Founder’s
Node
operators
(1
vote
per
Founder’s
Node)

Majority
Requirement:
A
simple
majority
of
51%
will
be
required
to
pass
this
proposal.

Vote
Question

Should
the
$GALA
dynamic
halving
schedule
transition
to
a
system
in
which
0.25%
of
the
difference
between
Total
Supply
and
Max
Supply
is
emitted
daily?

Yes:
I
am
in
favor
of
this
emission
update
for
more
stable
and
predictable
token
emissions.

No:
I
am
not
in
favor
of
this
update
and
have
voted
that
emissions
should
remain
with
the
dynamic
halving
tier-based
system.

Transitioning
to
a
daily
emission
model
at
0.25%
of
the
remaining
gap
between
the
total
supply
and
the
max
supply
represents
the
strategic
adaptation
and
evolution
of
the
Gala
Games
ecosystem.
Stakeholders
are
encouraged
to
consider
this
proposal
carefully.

Proposed
by:
Jason
Brink
/
BitBender,
LFG
Incorporated

Image
source:
Shutterstock