Schedule a Reward Boost Event
Bitcoin inflation reduces by half every 4 years(Called "the halvening"). In DTX, the governing contract collects fees, penalties and a portion of inflation. Once a threshold of tokens has been collected inside the contract, users can schedule a "reward boost" event, which temporarily increases the rewards(APY%) for stakers. Once the event expires, the global inflation of the system is reduced and the collected penalties(threshold) of DTX are burned. TLDR: Period of boosted rewards(APYs) + token burn + global inflation reduces. Effectively inducing volatility and attracting interest.
Reward Boost(event) Threshold (Current: 10,000,000,000 DTX)
The threshold determines the frequency(how often) the events can be scheduled. Minimum threshold is 0.1% of total supply.
Proposals: Event Threshold
|Proposed Threshold||Action||DTX Committed||Validates in||User Rep|
|1,337,000,000,000,000,000 DTX||✅ 2,500,000 DTX (in favor)❌ 0 DTX (against)||