I would like to open discussion here to the wider community and ask what you all think the next Community Tax Change rate will be?
ChainofSecrets.org plans on submitting a Community Tax Param Change Proposal a week or so before we have reached our “Milestone Requirement” for the swap.
(As it takes a while for voting period to close & execute param change)
Currently the community tax is set to 75%, we all know this was done for funding the swap which will cost 422,000 SCRT according to this Milestone.pdf published on proposal #4.
My question to you all is: What do you think is a fair tax to implement once we achieve our 422,000 SCRT in the community pool? As I think keeping it at 75% is too high.
Here is an example of rewards a SCRT would get per year with current 75% tax in place.
If you hold 20,000 SCRT and delegate it to a validator with 10% commission (10% seems the avg right now)
You would receive 800~ SCRT per year in rewards.
My Opinion is to lower the tax rate to somewhere between 5% - 20%.
at 20% tax: A SCRT holder with 20K SCRT delegated will earn 2900~ SCRT per year.
at 15% tax: A SCRT holder with 20K SCRT delegated will earn 3070~ SCRT per year.
at 5% tax: A SCRT holder with 20K SCRT delegated will earn 3500~ SCRT per year.
These are reasonable tax rates, and much higher than Cosmos’s. Their’s is still at 2% tax. With the above proposed community tax rates, we can still fill our Community pool nicely and make sure the community and SCRT holders receive a decent ROI on their holdings.
This is an open discussion. We would like to hear what you think and your opinions on the matter.
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