Abstract: Currently, we distribute 350k HFT monthly for trading rewards. This is pretty solid amount of tokens that can be used in a better way (marketing campaigns, collaborations, etc)
The original idea of trading rewards was to reward community before and after token launch and attract new users. Now it seems to be unreasonable to spend that much tokens for this exact purpose. We could find a better solution for these rewards (to be discussed by community in case this proposal accepted)
Motivation:
Amount is high, rewards distributed widely, based on volume.
Specification & Rationale: See above.
Benefits (Pros):
Better utility and distribution for community
Downside (Cons):
Large traders will no longer be earning additional rewards
Voting: Yes for this to be implemented, No for it to not be implemented
Terminate trading rewards could impact on using Hashflow for big traders, and usage of Hashflow as overall, it’s mean that volume will be dropping and distribution fee for stakers could be drop as well, I propose to reduce trading rewards on 50 % for now.
Looking at the activity, this makes sense to me. What about effective date? Would the change take effect the month following a potential proposal acceptance?