The Proposals
Proposals put to a general vote for finding a solution to the issue.
You can vote via link: https://app.enex.space/#!action=governance
1. Extend max supply to the amount of uncontrolled emission
To DO
Change Max Supply to: 429,723,427 ENQ
The result
Max Supply will be: 429,723,427 ENQ
Total Supply will be: ~285,070,000 ENQ
Circulated Supply will be: ~271 000 000 ENQ
2. Extend Max Supply and create a DAO to manage extra funds.
To DO
Increase the MAX SUPPLY. This additional supply should be sent to a special wallet, which will be managed by a DAO (decentralized autonomous organization) through community voting.
This tokens can be spent on:
- Marketing
- Listings
- Development
- Burninig
Mechanic: The proposal is made by the team or community, the budget is set and the necessity of the expense item is justified. Then, a vote is held to decide if the proposal will be executed.
The result
Extra ENQ under community control of a kind of DAO.
3. Burn team’s ENQ + reduce mining emission period
To DO
The Team has the amount of 11.3M ENQ. We have to burn it to reduce the Total Supply. And we have to reduce the mining period.
Addresses to be burnt:
PoW address
https://pulse.enecuum.com/#!/account/022e50c3cbbb926ce70d38a233a2015acad82424c16813a536c025baaa41db1c83
Genesis address
https://pulse.enecuum.com/#!/account/02833f453fb8bf10cc5e8fd362d563851543559f3ea6e662ef114d8db8f72dda19
Trinity address
https://pulse.enecuum.com/#!/account/0290cedb23802cd16efbbb492a80ae4943c592c116623244ffc4284bb486d74295
Treasury address #1
https://pulse.enecuum.com/#!/account/03165142a92f3ff0d18567b78cc33a208145c32d1f71f51750a657dbc580118ecd
Address for development — not to be burnt:
https://pulse.enecuum.com/#!/account/02c13a7a2a6c517f3ecfd221555b4774c6a858bbd8cdcfe8e60896541f2d691f98
The result
A certain amount will be burned
Mining period will be reduced.
4. Increase transfer fee and burn a part from it.
To DO
Increase transfer fee and burn a part from it.
The result
Now we have around 150k confirmed transactions yearly.
Max Supply will be: 350,000,000 ENQ (maybe nedded to be increased in the future, depends on Network’s load)
Total Supply will be: ~285,070,000 ENQ
Circulated Supply will be: ~271 000 000 ENQ
5. Burn teams ENQ and extend max supply to the amount of uncontrolled emission
To DO
The Team has the amount of 11.3M ENQ. We have to burn it to reduce the Total Supply.
Addresses to be burnt:
PoW address
https://pulse.enecuum.com/#!/account/022e50c3cbbb926ce70d38a233a2015acad82424c16813a536c025baaa41db1c83
Genesis address
https://pulse.enecuum.com/#!/account/02833f453fb8bf10cc5e8fd362d563851543559f3ea6e662ef114d8db8f72dda19
Trinity address
https://pulse.enecuum.com/#!/account/0290cedb23802cd16efbbb492a80ae4943c592c116623244ffc4284bb486d74295
Treasury address #1
https://pulse.enecuum.com/#!/account/03165142a92f3ff0d18567b78cc33a208145c32d1f71f51750a657dbc580118ecd
Address for development — not to be burnt:
https://pulse.enecuum.com/#!/account/02c13a7a2a6c517f3ecfd221555b4774c6a858bbd8cdcfe8e60896541f2d691f98
The result
Up to 11.3M ENQ could be burnt.
6. Decrease mining rewards
To DO
To decrease the mining rewards so that the mining can continue for 25 years until the maximum supply of 350 million is reached. The rewards should be reduced by around 56%.
We could do it similar to the way Bitcoin’s block rewards halve.
The result
No changes in Max Supply, Mining is less attractive with current price.
Max Supply will be: 350,000,000 ENQ
Total Supply will be: ~285,070,000 ENQ
Circulated Supply will be: ~271 000 000 ENQ
Instructions on how to vote are in the ENEX guides.
