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qortal_status_updates [08/01/2022 20:32] gisele_hqortal_status_updates [08/09/2022 10:11] gisele_h
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 **CURRENT TX FEE:** 0.001 QORT **CURRENT TX FEE:** 0.001 QORT
  
 +===== August 3 2022 =====
 +
 +@here - We have another vote to take care of, Qortal community!
 +
 +Due to the previous vote's changes to the QORA burn rewards, the rest of the minter tiers will also be getting modified overall percentages.
 +
 +However, when we split the extra 19% evenly throughout the other minter tiers, it ended up with some 'messy' decimal numbers... 
 +
 +In order to make the numbers nice round numbers, we are suggesting another modification. This modification is very straightforward, it would be simply to lower the founder rewards tier from 5% to 3%. 
 +
 +If we do this, after the QORA burn modifications are complete, this is what the new minter tier rewards structure would look like...
 +<code>Levels 1-2: 6%
 +Levels 3-4: 13%
 +Levels 5-6: 19%
 +Levels 7-8: 26%
 +Levels 9-10: 32%
 +QORA: 1%
 +Founders: 3%</code> 
 +
 +We believe this looks a lot better than having a bunch of decimals in the rewards tiers, and honestly the reduction of the founder rewards was something we were going to talk about anyway, so it works. 
 +
 +We can't do the final concept for the founder rewards quite yet, but that's fine as we still have plenty of time until the first level 10 exists (which is when the other concept would have taken place anyway.) So until then, we are suggesting the modification of the founder rewards so that the new rewards tier will look like the above.
 +
 +We need the community's vote on this.
 +
 +*note - for reference, this is what the original rewards structure would have looked like, if we did NOT lower the founder rewards (so people can see why we wanted to make this modification in the first place.)
 +<code>
 +levels 1-2 = 6.1875% 
 +levels 3-4 = 12.375%
 +levels 5-6 =  18.5625%
 +levels 7-8 = 24.75%
 +levels 9-10 = 30.9375%
 +Founders = 6.1875%
 +QORA =  1%</code>
 +
 +POSITIVE REACTION = YES, change the founder rewards to 3% and make the rest of the rewards tiers a nice round number as shown above.
 +
 +NEGATIVE REACTION = NO, who cares if the rewards tiers have decimal places in them, just distribute the extra evenly as originally proposed.
 +Just in case anyone is wondering, my vote would be YES, and as soon as there are sufficient votes so I can remove one of my reactions I will do so.
 +This is a vote we basically already took, as it has to do with the QORA burn rewards, but in this case we're simply increasing the other minter tiers a bit MORE, and decreasing the founder tier.
 +
 +There will be further proposals in the future regarding the founder tier, but due to technical issues they can't be proposed quite yet. We are also going to want to make these changes AFTER the real voting system goes into effect, which means the self-sponsorship changes must be done first.
 ===== July 31 2022 ===== ===== July 31 2022 =====
 @here version 3.4.3 of the Qortal Core auto-update has been signed - network should begin updating shortly. @here version 3.4.3 of the Qortal Core auto-update has been signed - network should begin updating shortly.
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 - Added version parameter to GET /blocks/signature/{signature}/data - Added version parameter to GET /blocks/signature/{signature}/data
  
-- Updated SysTray_sv.properties (thanks to @qortish)```+- Updated SysTray_sv.properties (thanks to @catbref)
  
 **on Saturday the sponsorship slot total will be reduced to 2, enforcing a self-share as well, to prevent people from sponsoring another with their self-share slot.** **on Saturday the sponsorship slot total will be reduced to 2, enforcing a self-share as well, to prevent people from sponsoring another with their self-share slot.**
qortal_status_updates.txt · Last modified: 03/03/2024 13:13 by cal