Expire unused rewards after one year
Goal
The goal is to expire unused token rewards after one year for the following benefits:
- Incentivizes actual use of the tokens
- Creates deflationary mechanism to help token economics
- Reduces outstanding off-chain circulating supply
What needs to be done
- Needs further discussions on best mechanism to track this internally and how to effectively communicate this to users
- Needs further discussion around on-chain utility problems, and impacts of potentially allowing users to move from on-chain to off-chain to avoid fees.
QA
- Hard to QA as it takes time to expire, discuss
UX/Design
- Requires sufficient design work to properly communicate this to users so they are not surprised if they do not have their tokens anymore.
Personas
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This impacts any token holder because it reduces the outstanding circulating supply which benefits the greater token economy
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This impacts any Minds user because it creates further incentives to be active on the app and to use the tokens and participate in the utility (boost, memberships, tipping, holding on-chain)
Experiments
- None
Acceptance Criteria
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Tokens that are rewarded and untouched for one year are expired and no longer included in the balance calculation. -
Users are properly notified about pending tokens that are about to expire and how to ensure that they are not expired (use them to boost, tip someone, transfer them on-chain)
Definition of Ready Checklist
-
Definition Of Done (DoD) -
Acceptance criteria -
Weighted -
QA -
UX/Design -
Personas -
Experiments
Edited by Jack Ottman