$RARE Tokenomics Governance Proposals
Deflationary Token Model And Fee Adjustment Proposal
Update: This proposal has been approved by community vote.
The current token model for Unique.One $RARE follows a 5-year distribution based on Fixed Total Supply.
Under our net-zero fee policy, there are no Creation fees or Seller fees, but a 1% Buyers` fee is collected. This fee is used to purchase $RARE from the market which is then distributed to all token holders.
For reference, the original community approved Tokenomics proposal can be found below:
https://uniqueone.medium.com/unique-one-tokenomics-proposal-for-vote-96eedc2ef85b
Below are the two changes that have been proposed by the community.
1)Switch from Fixed Token Model to Deflationary Token Model
Current policy: Buyers` fees (1%) in ETH or xDai are collected and used to purchase $RARE from the market. The $RARE purchased from the market is then distributed to all token holders.
Proposed new policy: Buyers` fees (to be determined by consensus) in ETH or xDai are collected and used to purchase $RARE from the market. The $RARE purchased from the market will then be burned and the supply permanently reduced.
Expected Impact: Total supply of $RARE will reduce according to the level of marketplace activity. The token model will change from a FIXED Supply Token Model to a DEFLATIONARY Token Model.
2)Adjustment To Buyers Fee
Current policy: No Creation fees, no Sellers’ fees, and 1% Buyers` fees.
Proposed new policy: No Creation fees, no Sellers’ fees, and an adjustment of Buyers` fees.
The following are the options:
a) 1.0% Buyers’ fee
b) 1.5% Buyers’ fee
c) 2.0% Buyers’ fee
d) 2.5% Buyers’ fee
Expected Impact: A higher Buyers` fee will result in a faster burn rate under a DEFLATIONARY token model or an increase in the volume of $RARE distribution to existing token holders under a FIXED token model.
We expect the Unique.One platform to remain competitive even with increased buyers` fees as we are a closed-loop system with zero leakages.
Voting starts midnight Monday, March 30th Midnight Japan time (00:00 March 30 JST) and ends Thursday, April 2 Midnight Japan time (00:00 April 2 JST).
Vote here.
You can also access the Governance page on Unique.One to vote.
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