InterLink DAO has introduced Proposal 13, which aims to significantly reduce the base emission rate of ITLG tokens by 50%. This move is designed to adapt to the growing user base and enhance the token's scarcity in the market. The publication provides the following information:
Proposal Overview
The proposal, now live for discussion and voting among token holders, seeks to lower the number of tokens earned per mining session without changing the fundamental mechanics of the system. InterLink's team highlighted that the initial emission rates, which were optimized for early growth, are no longer suitable given the substantial increase in users.
Impact of Halving Emission Rate
By halving the emission rate, the proposal intends to create a stronger sense of scarcity, thereby limiting the influx of new tokens into circulation. This adjustment is expected to maintain proportional rewards for all users, ensuring that existing holders continue to benefit from their investments as the ecosystem evolves.
Uniswap has successfully completed its UNIfication upgrade, which included a strategic buyback and burn of 100 million UNI tokens, enhancing its market performance. This initiative contrasts with InterLink DAO's recent proposal to reduce ITLG token emissions by 50%. For more details, see read more.
