Current Proposals We currently have 5 proposals are now available on Governance, here is a complete list. This week’s budget request is tight on time before the next superblock, so we would appreciated a prompt vote from everyone for Proposal B3. Details on the voting details will be on the proposals-budget channel
Proposal can be viewed here:
https://gov.absolutecoin.net/governance.phpDetails on how to vote if you are a masternode owner can be found on Discord or the Absolute Wiki.
Budgetary Proposal
B3 – Weekly Budget
Proposal URL: https://[Suspicious link removed]/2LmVzLz
B4 – Weekly Budget
Proposal URL: https://[Suspicious link removed]/2LmVzLz
Consensus Proposals
C1-Development Expenditure Budget
Proposal URL: https://[Suspicious link removed]/2MLEFek
C2-Block Timing Adjusted to 120 Seconds
Proposal URL: https://[Suspicious link removed]/2w4efuw
C3-Annual Block Reward Reduction
Proposal URL: https://[Suspicious link removed]/2LkVZBN
Proposal Q/AHere is a Q/A on why these consensus votes are happening
Q: Why do we need Proposal C2 and C3?
A:In simple terms, supply is way too high at the moment. So C3 is the important one. Looking at the table in C2 and C3. You can see that as we currently stand with no change over the next 15 years, almost all supply is released by this point. This is not a situation we want to be in.
Q: What i mean is how these modifications will affect mn rewards, mn rewards/day and annual ROI when this will happen?
A: Ideally before the end of the year.
Q: Will ROI be reduced?
A: Yes, it will go down until PoV is released. Then it will start going up again.
Q: If so, isn't this to soon, as there will be more then 1 or 2 years until PoV will be up and running and see some fees come out of it?
A: Depends on where we are on this planned PoV deployment later in the year.
Q: Will ABS coin be so strong to support reduced ROI and half mn rewards/day after first year?
A: Its uncertain how this will play out, reducing supply means more demand, high prices. A Lower ROI attracts less investors.
A: Is it true that when block time will increase to 120 secs, the block reward will increase also to 35 ABS?
Q: No, block reward amounts are unchanged.
Q: Will we need to vote both C2 and C3, or is enough to vote for C3?
A: They are totally separate votes. We are letting the community decide on the coins direction.
Any questions feel free to contact us on Discord