Following community feedback, Gala Games has published a revised proposal for the Referral Incentive System, which Founder’s Node operators can now vote on. One of the adjustments includes making non-chain referrals temporary unless they are written to chain through a burn process. If approved, the system is set to be implemented within 90 days through a phased rollout.
After receiving feedback from the community and hosting an AMA in the Founders Node Owner channel, Gala Games has decided to revise its original proposal related to the Referral Incentive System for ecosystem usage, making a couple of adjustments and putting it up for voting among Founder’s Node operators.
What’s Changed?
In comparison to the original proposal published last month, this new one extends the time it takes to implement the full version of the system to 90 days instead of the previous 7 days because of the additional engineering and design work needed to make it possible to write all referrals to chain. This means that the system will currently apply to all existing referrals, but at some point they will have to be written to chain via a burn, ensuring long-term sustainability where only active ecosystem users continue to reap the rewards of this system. The latest announcement also states that in the end state, referrals will be temporary if they aren’t written to chain by a burn, meaning that a Web2 user can refer a friend and temporarily benefit from the system, but that the benefit will expire if they don’t claim their referral via a brun proccess in the social dashboard.
It’s also mentioned that a phased rollout of the system will take place. In the first two weeks there will be burn rebates for referrers based on burns on Ethereum, while the same will happen in one month on GalaChain. In about two months, the first version of the Referral Dashboard will be introduced, while in 3 months the second version of the dashboard will go live, alongside the ability to write referrals on chain. This means that once this phased rollout is over, non-chain referrals will start to have a countdown showing how much time is left until they expire.
The rest of the proposal remains the same and works as follows: when user C starts a burn, the account that referred them, user B, will get a reward equal to 8% of the burned amount, while the account that referred user B, user A, gets 2% of the burned amount. If the proposal gets approved, the developers will look to implement the system within 90 days from the day of approval.
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