Introduction
Following our previous discussions on tokenomics changes, as outlined in our earlier forum post CMDX 2.0: A New Horizon in tokenomics , we are presenting this follow-up proposal to implement the agreed-upon adjustments.
The original CMDX tokenomics has a hard cap of 200 million CMDX, following a predefined inflation schedule to reach that cap. We are set to reach that mark soon. Building upon our earlier discussions, we propose the following key changes:
TL;DR
- Burn unclaimed airdrop CMDX tokens (~6% of circulating supply) along with accumulated staking rewards.
- Introduce a perpetual 8% inflation rate after reaching a total supply of 200 million CMDX tokens.
- Transition to a consumer chain via PSS, with plans to proceed in the coming weeks.
Proposed Changes
1. Burn unclaimed airdrop tokens and accumulated staking rewards
Proposal: Burn approximately 12.2 million unclaimed CMDX tokens from the initial airdrop (~6% of the circulating supply), along with all accumulated staking rewards.
Rationale:
We suggest burning all unclaimed CMDX tokens from the initial airdrop, which constitutes approximately 6% (12M CMDX) of the circulating supply, along with any staking rewards that have accumulated on these tokens. At the genesis of the network, 12.5% of CMDX’s total supply was allocated for an airdrop to the community. However, a portion of these tokens remains unclaimed and has been staked due to the absence of immediate utilization. This was a part of our broader tokenomics changes which can be found in this proposal.
2. Implement a Perpetual 8% inflation rate after reaching 200 million total supply
Proposal: Introduce a perpetual annual inflation rate of 8% once the total CMDX supply reaches 200 million tokens.
Rationale:
This measure ensures ongoing rewards for stakers and validators, promoting sustained network participation. Maintaining a modest inflation rate balances token supply and demand over the long term, contributing to the network’s economic stability. Continuous inflation provides incentives for network participants and supports ecosystem development initiatives.
3. Transitioning to PSS.
Comdex will become a consumer chain soon. We have been working closely with the Informal team and are tentatively aiming to proceed with PSS in the next couple of weeks. We have conducted a test run with the opt-in validator set for PSS.
Conclusion
These changes have been previously discussed with the community, and this proposal serves as a follow-through to implement them. We are confident that these adjustments will benefit the ecosystem by aligning our tokenomics with our long-term goals.
Meanwhile, our team is diligently working on the RWA dApp, focusing on onboarding the right partners to ensure its success.