- No Comments
Evescale will carry out large -scale economic reform
After the Tao became the main tool for the Evescale Management, participants in the decentralized organization make more and more significant decisions.
Recently, a vote ended on the site of a large -scale economic reform of the project, designed to mitigate the consequences of cryptosyms and improve the quality of control. Evescale Dao members spoke up for its implementation.
The reform is divided into several directions, more information about them can be read in the description of the reform. In this post we will briefly talk about each of them.
Payments based on decisions of Tao
Now the obligations on decisions adopted by Tao are about 50 million Ever. The release of this amount into free circulation in the execution of decisions will lead to additional pressure on the price of the Native coin of Evescale, which has recently been reduced. However, freezing funds before the end of the crisis in the cryptocurrency market is incorrect, since https://gagarin.news/ru/news/luna-take-2-community-supports-terras-revival/ it violates the principles of the work of the Tao.
As a solution, they decided to create a lever token, secured by Ever in a ratio of 1: 1. For the asset, a two-year locust period will act, during which tokens will remain blocked in stakeing. At the end of the Locap period, the funds can be obtained along with the profitability accumulated over two years.
Lever is planned to be distributed between participants in Evescale. Tokens will also receive members of the Council of the founders of the project and partners.
New Purpose: Ever-in the top 100 by capitalization
According to the conditions of Westing and previously adopted decisions, key participants in EVERSCALE, Defi Alliance and Everx, should receive 170 million Ever each. This is a significant part of the current turnover (1.24 billion coins).
To avoid the volatility of cryptocurrency prices, Defi Alliance and Everx decided to establish a joint KPI for themselves. They should make efforts due to which Ever will enter the TOP-100 cryptocurrencies by capitalization in the short term, and in the TOP-10 in the long-term. Note, at the time of writing, the asset takes 245 line in CoinmarketCap and 238 in Coingeco.
Coins provided for by Snings are unlocked for Defi Alliance and Everscale gradually, as the established goal reaches.
Decentralization of the development process
Everx, which is the main developer of the EVERSCALE architecture, has obliged to open the code of its solutions and attract third -party protocol to develop the core.
To solve this problem, the EVERSCALE Technical Architecture Committee was created, which reached recognized experts from among the community. The working group has already held three meetings, and very successfully.
According to the reform draft, in the future all the priorities of the development of the EVERSCALA protocol will have to be determined decentralized. In the absence of an internal consensus, proposals will be taken to the vote.
In addition, starting in July 2022, funding for the development of the nucleus will go to Evescale Foundation, and the code of all decisions received for these funds will be opened.
Grants and partnerships
The authors of the initiative stated that most of the issued grants and prisoners of partnership have not yet brought the great value of Evescale. Although this mechanism is the main way to develop an ecosystem, the approach to its implementation is planned to be changed.
In the future, Evescale partners will receive awards from the community only after they can prove their contribution. Each decision on issuing another award will be made by Tao, also by voting.
The reform project also says about changing the approach to the emission of new Ever coins.
Each of the directions specified in the text of the accepted changes will be detailed and put on a separate vote.
We add that earlier participants in the Evescale TJ voted or against continuing partnership with dozens of organizations and members of the Managing Council (Initial Mambers).