COMMUNITY VOTE FRC02 Proposal – Transitioning to a Deflationary Model

Dear Fuse Community,

Following our recent updates and the detailed discussions surrounding the FRC02 proposal, we are pleased to announce that the proposal has now been published on-chain and is open for community voting. In accordance with FRC02, we will vote on an inflation schedule aligned with its guidelines. This marks a crucial step towards adopting changes to set the maximum supply for FUSE tokens. These new changes, when adopted, will transition our network to a deflationary model.

Voting Details

Ballot Information:
ID: 29
Ballot Transaction

Beginning Block: 31422951 (Approximately Sept 3, 2023)
Closing Block: 31492071 (Approximately Sept 7, 2023)

How to Vote

You can vote for or against the proposed update by sending a transaction to the voting contract. To do so, use the vote function and enter the Ballot ID and your decision (choose 1 for acceptance, 2 for rejection) as the parameters.

Detailed information on the voting process can be found in the Fuse Documentation.

Importance of Your Vote

This proposal aims to enhance the economic stability of the Fuse network by making the FUSE token scarcer and potentially more valuable over time. Your vote is crucial in deciding whether these changes will be implemented. We encourage every stakeholder in the community to participate and have their voice heard.

Further Information

If you need more details or have questions about voting, please refer to our voting guide and contribute to this announcement by replying. Our team is also available to assist you during the voting period.

Thank you for being an integral part of our community!

Best regards,

The Fuse Network Team.

Reminder:

The voting starts at block 31422951 and will end at block 31492071. Please cast your vote within this period to ensure it is counted.

1 Like