While not finalized and something that would still need to be approved by the community, we have shared with the community our intentions and motivations of having an $XIO to $ZERO migration in the future.
We believe this migration process gives us the perfect opportunity to reevaluate the tokenomics of Blockzero Labs from the ground up.
Does the current $XIO model align with our goals?
What are the ways we can improve it?
With a capped supply, will it be sustainable in the future?
Can we move to a 100% truly decentralized model by putting the governance of Blockzero Labs entirely in the token?
These are some questions and conversations we would like to have with you, the community! Let’s bring out the whiteboard and give the core asset of Blockzero Labs a complete review.
One of the items Zachary Dash discusses in this video is the idea of a time-variable distribution strategy. What this would mean, is that instead of receiving future tokens simply by how much (quantity) of $XIO you hold, you would receive tokens based on how long you’re willing to lock them. Let’s give an example.
Bob has 100 $XIO
Jeff has 50 $XIO
In the current model, Bob is receiving twice as much future tokens as Jeff is on a daily basis. Instead, if we used a time-variable distribution strategy, it would look like this.
Bob has 100 $ZERO and chooses to lock them for 10 Days.
Jeff has 50 $ZERO and chooses to lock them for 100 Days.
Bob’s “Blockzero Score” would be 1000 (100 * 10)
Jeff’s “Blockzero Score” would be 5000 (50 * 100)
This means, Jeff would be earning 5x more than Bob on a daily basis, despite having less tokens, because he is showing more commitment and confidence in the network.
For #XIOfeedback, would love to hear some general feedback and pros/cons of this model.
Bonus points: Please add any ideas you have on how to improve the $ZERO tokenomics.