LikeCoin chain Proposal #6 - Increase the inflation rate from 2% to 7%
The last proposal, which raised the inflation rate to 2%, was a great attempt. But compare horizontally with other cosmos networks, for example the cosmos main network itself has an inflation rate of 7%.
E-money is 10 %, iov is 13.5 %, Band Protocol is 12.3 %, and Akash is 51.50 %. So, for the survival and development of the community ecology, I propose to raise the inflation rate to 7%.
To increase the inflation rate from 2% to 7%
If the proposal is passed:
- The number of delegated LikeCoin will be increased.
- The reward to validators will be increased, balancing the effect of increased number of validators.
- The reward to stakeholders with their LikeCoin delegated will be increased.
- The dilution effect by inflation to undelegated LikeCoin will be increased.
- The number of migrated LikeCoin may be increased.