Skip to content

Commit

Permalink
doc: update PROP001 with new distribution
Browse files Browse the repository at this point in the history
  • Loading branch information
tbruyelle committed Mar 20, 2024
1 parent 8660154 commit a320b87
Showing 1 changed file with 7 additions and 14 deletions.
21 changes: 7 additions & 14 deletions PROP-001.md
Original file line number Diff line number Diff line change
Expand Up @@ -127,22 +127,15 @@ But more importantly, the command will create a file
`data/prop848/airdrop.json` which you can find [here][airdrop]. The file lists
all accounts and their relative future $ATONE balance.

The resulting supply will be of 809,415,611 $ATONE, distributed as follows:
The resulting supply will be of 485,031,369 $ATONE, distributed as follows:

| | DID NOT VOTE | YES | ABSTAIN | NO | NWV | NOT STAKED |
|:---------------------:|:--------------:|:---------:|:--------:|:--------:|:--------:|:----------:|
| Distributed $ATONE | ~158.9 M | ~63.75 M | ~86.29 M | ~213.4 M | ~47.91 M | ~239.17 M |
| Percentage over total | ~19.6% | ~7.8% | ~10.6% | ~26.4% | ~5.9 | ~29.5% |
| | DID NOT VOTE | YES | NO | NOWITHVETO | ABSTAIN | NOT STAKED |
|-----------------------|--------------|------------|-------------|------------|------------|------------|
| Distributed | 52,479,607 | 63,746,761 | 213,404,392 | 47,911,135 | 28,498,638 | 78,990,836 |
| Percentage over total | 11% | 13% | 44% | 10% | 6% | 16% |

The computed `B` value - in the code is called `blend` - is `~2.46`. While the
increase of $ATONE supply with respect to the $ATOM supply will be of `~2.36`.

> [!NOTE]
> The final ratio of increase of $ATONE supply with respect to $ATOM *should* be
> close to B, since B is supposed to be "neutral" with respect to how the
> supply increases due to multipliers for active voters. The $ATOM that is used
> to compute the equivalent $ATONE with B as multiplier will have a resulting
> neutral distribution, not diluted, nor rewarded
A specific effort is made to ensure that non-voters (DID NOT VOTE, ABSTRAIN and
NOT STAKED) don't hold more than 1/3 of the supply.

[001]: https://github.com/giunatale/govgen-proposals/blob/giunatale/atone_distribution/001_ATONE_DISTRIBUTION.md
[airdrop]: https://atomone.fra1.digitaloceanspaces.com/cosmoshub-4/prop848/airdrop.json

0 comments on commit a320b87

Please sign in to comment.