NEP-62: Changes On Community NEW Budget Plan for 2023

TitleChanges On Community NEW Budget Plan for 2023
CategoryCommunity Governance

Simple Summary #

Referring to NEP-40, the NEW release schedule for 2023 is now planned. The overall release curve is the same as the established one.

Motivation #

To better enhance the value of Newton and activate the community, the NEW release for 2023 is now planned according to NEP-40. According to NEP-45, ledger nodes will have incentives. In the past year, the ledger nodes have served to protect the network.

Currently, there are 69 active NEW DAOs on Newton, which enrich Newton’s community building and eco-governance. The incentives for NEW DAO will be maintained in 2023.

To better improve the mobility of NEW and the richness of Newton’s ecology, the incentives for Cross-chain Bridges and Dapps will be increased.

Abstract #

According to NEP-40, the total releases in 2023 (2023/02/01-2024/01/31) are: 956,201,080 NEW.

The release plan for each part is as follows:

NoMining ThemeIncentivized BehaviorBudget Cap
1Machine nodeLedgering20% (191240216 NEW)
2NEW DAOMaintaining DAO20% (191240216 NEW)
3Cross-chain BridgesNewBridge transfer-in,etc.30% (286860324 NEW)
4DappsNewMall Mining, etc.30% (286860324 NEW)

Implementation #

Part 1 and Part 2 will follow the implementation method of the related themes in NEP-40.

Part 3 will be granted to NewChain receiving addresses that bridge their assets to NewChain.

Part 4 will be a subsidy for miners targeting dapps including newmall, etc..

Copyright and related rights waived via CC0.