TIP: 0019
Title: Set a 1-year expiration date for unclaimed TLOS in the Exchange Token Reserve Fund (ETRF)
Authors: Amplified Telos (Ian Panchèvre / [email protected])
Status: Declined
Type: Protocol
Created: 2018–10–08
Upon launch, the Telos Blockchain Network Operating Agreement calls for approximately 140 million TLOS to be allocated to an Exchange Token Reserve Fund (ETRF). TIP 19 proposes a “claim it or lose it” policy, such that exchanges have one full calendar year post-launch to enable support for TLOS.
The ETRF should motivate exchanges to quickly enable support for TLOS.
Facing a deadline, exchanges will be more likely to act. Additionally, users on the exchanges who held EOS will put pressure on the exchanges to enable support for Telos. A smart contract will ensure that on the one year anniversary of Telos’ mainnent launch, any remaining tokens in the ETRF will be burnt.
Modify text in paragraph 22 of the Telos Blockchain Network Operating Agreement (TBNOA) to read as follows:
“The Telos Exchange Token Reserve Fund will receive ____ TLOS tokens, which may be distributed to exchanges that enable support for TLOS within one calendar year after the launch of the Telos mainnent.”
(Discussion period is closed.) Voted by Telos Contributors Group 2018-10-23. Voting: Yes - 0, No - 30, Abstain - 0
This document is in the public domain.