ingestion: 165 futardio events — 20260318-1830 #1338
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type: source
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title: "Futardio: Adopt a sublinear supply function?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/5YA1NbUJWmGLorWtpTzBMfsMFLKa37oxb7pHwH7wSz9L"
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date: 2024-11-18
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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---
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## Proposal Details
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- Project: ORE
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- Proposal: Adopt a sublinear supply function?
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- Status: Passed
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- Created: 2024-11-18
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- URL: https://www.futard.io/proposal/5YA1NbUJWmGLorWtpTzBMfsMFLKa37oxb7pHwH7wSz9L
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- Description: Should ORE migrate to a deflationary emissions curve and reduce the supply cap to 5m tokens?
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- Categories: {'category': 'Governance'}, {'category': 'Program'}
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- Discussion: https://discord.gg/hRBrVmf48q
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## Summary
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### 🎯 Key Points
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The proposal suggests reducing ORE's supply cap from 21 million to 5 million tokens and implementing a 10% annual reduction in emissions rate.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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This change aims to enhance token scarcity, potentially benefiting current holders and attracting new investors.
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#### 📈 Upside Potential
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A deflationary emissions curve could lead to increased demand and higher token value over time.
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#### 📉 Risk Factors
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The significant reduction in supply may create uncertainty in the market and could negatively affect liquidity.
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## Content
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## Summary
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Should ORE migrate to a deflationary emissions curve and reduce the supply cap to 5m tokens?
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## Overview
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When ORE launched in April 2024, it was built with a linear emissions rate of 1 ORE/min and uncapped total supply. In response to overwhelming feedback from the community, we introduced an artificial supply cap of 21m tokens in the redesign of v2.
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Over the last few months, the ORE community has continued to voice interest in accelerating ORE’s distribution. After considering a series of alternative models, we would like to propose the following changes be made:
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1. Reduce the supply cap from 21m to 5m tokens
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2. Reduce the emissions rate by 10% every 12 months
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ORE's current limit of 21m tokens was originally chosen to mimic Bitcoin's famously popular total supply count. With a supply cap 4.2x lower, ORE's supply will be an order of magnitude more scarce than Bitcoin when fully-diluted.
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Rather than infrequent "halvings" every 4 years, we believe ORE's mission would be better served by reducing
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emissions at a more gradual 10% per year. This would provide a faster, smoother, and scarcer distribution curve than Bitcoin. .ORE's supply schedule would roughly follow the timeline outlined in the table below and reach full dilution by approximately 2052.
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| Year | Circulating | Dilution |
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| ---- | ----------- | -------- |
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| ~5 | 2.5m | 50% |
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| ~18 | 4.5m | 90% |
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| ~28 | 5m | 100% |
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We believe these changes strike an ideal balance between all the competing value sets in the ORE community:
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- It reduces FDV to address sticker shock of buyers.
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- It introduces a deflationary curve that decays faster than Bitcoin.
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- It caps the supply an order of magnitude more scarce than Bitcoin.
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- It provides ~30 years of mining runway for onboarding initiatives and liquidity incentives.
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If passed, we will implement these changes and migrate the mainnet mining program. This would represent a major step forward in ORE's hardening process and bring us one step closer towards freezing the contract for good.
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To discuss this proposal, join the Discord and let your voice be heard.
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[https://discord.com/channels/1226038272673841236/1306330694917554257](https://discord.com/channels/1226038272673841236/1306330694917554257)
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## Raw Data
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- Proposal account: `5YA1NbUJWmGLorWtpTzBMfsMFLKa37oxb7pHwH7wSz9L`
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- Proposal number: 2
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- DAO account: `7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D`
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- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
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- Autocrat version: 0.3
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- Completed: 2024-11-22
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- Ended: 2024-11-22
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