A weekly rewards based incentive for holding GZiL
If the proposal is passed then a rewards style bonus would begin for GZiL holders. This reward would be a % of your holdings. A daily snapshot would be taken & an average taken which the % awarded would be taken off. A number of variables exist… 1. How often the rewards are payable & 2. The % of the rewards.
It seems, to this amateur that there is a lot of flip flopping between tokens within LP pools etc & I feel this takes away quite a lot of the importance of what holding GZiL is meant to signify. This is THE most important Governance token in the entire crypto space in my noob opinion & I feel that actual long term proud owners should be rewarded for.his is the why of the ZIP. We may never get to mint the entire supply as the more people into the space the apy will naturaly go down so this will help to mint the entire supply but this proposal is mainly submitted to instill some pride to long term hold the most important governance token on the most important platform
This won’t be a high level overview of how the ZIP will solve the problem as I am just average Joe. However, daily snashots taken & then an average given which the % rewards would then go off! Again, 2 variables could be included in the conversation to be had 1. How often the rewards are distributed (Weekly / Monthly) & 2. What % the rewards should be 10%?
NICE IDEA BUT NOT POSSIBLE TO DO
YES - Weekly 10%
YES - Monthly 10%