Another proposal at C4E network has been passed. Let’s learn more about it!
We have successfully passed a new proposal to update distributors’ parameters and increase staking rewards for validators.
The proposal passed with voting turnout of ~83% with 100% of votes for YES.!
Thank you very much for trusting in our actions and vision.
With the proposal staking rewards will be increased from 60% to 70% of the inflation and transaction fees, while the ecosystem incentive decreased from 35% to 30% and the development fund was removed entirely.
What has the proposal changed?
To sum up, the distributor parameters have changed. Let’s see below how:
- • 60% — Staking reward
- • 35% — Ecosystem Incentive
- • 5% — Development fund
- • 70% — Staking reward
- • 30% — Ecosystem Incentive
- • 0% — Development fund
This change was made to incentivize early support from validators and community members while the project was still in its early stages, before the public sale and listing of the token.
By running inflation at a 2% level during the warm-up period, Chain4Energy ensured that the team did not become the main beneficiaries of the high inflation at the beginning and that the community had the opportunity to take advantage of the rewards.
While there were some risks associated with this proposal, including the possibility that the proposed incentive could be insufficient to compensate for the cost of infrastructure, the community and validators were encouraged to contribute to the project and earn as much as possible from the strategic pool delegation.
In conclusion, we are committed to ensuring the long-term sustainability and success of the project, and this proposal is a step in the right direction.
The increased staking rewards will incentivize early support and encourage more people to get involved in the project. With the public sale and listing of the token targeted for mid 2023, we are looking forward to passing next proposals and network expansion with the help of the validators.