Launching AdEx Governance: The First Proposal Is Now Live

This article was first published on The AdEx Blog - Medium

We’ve reached a big milestone: our decentralized governance system that lets ADX token holders to participate in important decisions for our future.

At AdEx Network, we’re committed to building the future of advertising: over the last couple of years, we’ve gone to market with the first ad network where payments are decentralized, running on Ethereum payment channels.

Today, we’ve reached a new milestone in our development — officially unveiling our decentralized governance system, which enables our community and ADX token holders to participate in important decisions for our future.

It’s based on Snapshot, a novel off-chain gasless governance portal, and it’s using our new governance token, ADX-LOYALTY, which is minted by participating in the loyalty pool.

The first proposal: Deciding the ADX incentive for the Tom pool

The first proposal is about the ADX incentives for the Tom pool — and more specifically the amount of ADX to be distributed to stakers during 2021.

Back in August, we announced new ADX incentives for the Tom pool; these have massively improved ADX tokenomics. To date, nearly 4 million ADX rewards have been distributed and close to 29 million ADX have been staked, resulting in around 25 million ADX being removed from the market.

We’ve also been able to sustain a ~50% APY despite the end of the farming craze.

Given the success of these incentives, it’s only logical to continue in 2021. We’ve created a proposal to determine the exact amount, given the tradeoffs.

The proposal can be found here: 🗳 Tom pool: what should the ADX incentive be in 2021.

What can community members vote on?

Our governance mechanism can be used for various things. For example, to change the staking pool parameters, such as loyalty pool price-issuance steps, Validator-Tom pool staking incentives, publisher and advertiser incentives, etc.. Another example is changing protocol parameters: minimum validator fees, maximum earners from a ...

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The AdEx Blog - Medium

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