xpla

Prop 107: [ANN] Empowering the Community: Community-First Tokenomics

1. Abstract

With the CONX rebranding, the ecosystem is advancing a governance direction that strengthens a community-first operating model.

This proposal is the second step in that process, presenting a restructuring plan to realign the Foundation-held token balances and the existing Reserve structure into a community- optimized model.

The goal of this restructuring is to rebuild the financial foundation of the ecosystem into a community-driven system that is transparent and sustainably managed through governance.

2. Proposal Details

This proposal sets out the concrete directions for establishing Community-First Tokenomics.

2-1. Transfer of Ecosystem Tokens

  • Source wallet and amount
    • 660,046,980 XPLA

Ecosystem 2 wallet: xpla12prteq09vtttn2508gwev2ykal06jw69vtmvyu

  • Destination and amounts
  • Community Pool: 284,285,140 XPLA
  • DAO Support Pool: 60,000,000 XPLA
  • Vesting Contract (eco): 315,761,840 XPLA
  • Details

(1) Community Pool

  • The Community Pool is a public fund used for ecosystem expansion and activation.
  • Spending proposals must be submitted through on-chain governance.
  • Funds can only be used when a proposal has been approved by governance voting.

(2) DAO Support Pool

  • The DAO Support Pool is a dedicated pool for stably operating the CONX DAO Forum and core mainnet infrastructure.
  • The allocated amount will be moved and staked to a dedicated validator node (“CONX DAO Validator Node”).
  • The staked principal remains locked and will not be circulated on the market.
  • Only the staking rewards generated by this node will be used, and solely for the following purposes:
  • CONX DAO Forum operational costs
  • Mainnet core and essential infrastructure maintenance and essential basic service costs
  • Other essential governance-related operational cost
  • If, in the future, DAO operations are terminated or the structure is changed, the principal amount will be transferred back to the Community Pool.

(3) Vesting Contract (eco)

  • Tokens whose purpose, amount, and recipient have already been fixed under existing agreements (e.g., partnerships, service agreements) or previously-approved proposals will be transferred to a separate on-chain vesting contract and will vest according to the predetermined distribution schedule.
  • The addresses and amounts of these vesting contracts will be disclosed to the community through separate announcements (before and/or after execution) and via the on-chain explorer page (explorer.xpla.io).
  • If any existing agreement or already-approved proposal is later amended or cancelled, the unused portion of the relevant allocation will be transferred to the Community Pool.

2-2. Transfer of Backers Tokens

  • Source wallet and amount
    • 100,000,000 XPLA

Backers 2 wallet: xpla10h3cdt2rtexyv3jh7a4a0yvsqf2dsralpq4rz3

  • Destination and amounts
    • Community Pool: 100,000,000 XPLA
  • Details

(1) Community Pool

  • The Community Pool is a public fund used for ecosystem expansion and activation.
  • Spending proposals must be submitted through on-chain governance, and funds can only be used when the proposal has been approved by voting.

2-3. Transfer of Marketing Tokens

  • Source wallet and amount
    • 26,113,932 XPLA

MKT 2 wallet: xpla1w844vsrk8rvlx5hazxlfnmyhtwelg2fpu4rdtg

  • 1,848,310 XPLA

Event Airdrop S.C: xpla1gcs4amt2aztnj5xrpprja050jg97ywsc90xh4ylvr6w2zj2f0v9q0vxwuy

  • Destination and amounts
    • Vesting Contract (mkt): 27,962,242 XPLA
  • Details

(1) Vesting Contract (mkt)

  • All tokens that have been fixed under marketing contracts, as well as tokens designated as marketing budget, will be transferred to a separate on-chain vesting contract.
  • * These tokens will vest according to the pre-defined distribution plan.
  • * The addresses and amounts of these vesting contracts will be disclosed to the community through separate announcements (before and/or after execution) and via the on-chain explorer page (explorer.xpla.io).

2-4. Direction for Reserve Operation Structure

  • Adjustment of the Reserve fee share structure
    • This proposal suggests redirecting the entire fee distribution rate currently assigned to the Reserve to the Community Pool.
      • Current: Community Pool 2%, Reserve 8%
      • After change: Community Pool 10%, Reserve 0%
    • The actual parameter change on-chain will be carried out through a separate on-chain parameter-change proposal.
  • Handling of Current Reserve Wallet Holdings
    • Should this proposal pass, the assets currently held in the Reserve wallet will be either burned or transferred to the Community Pool through a future, separate governance proposal.

※ Notice on changes to the Estimated Circulating Supply Schedule

Should this proposal pass, the expected circulation plan will change as assets are moved to the Community Pool.

* Estimated Circulating Supply Schedule as of 3 January 2025: [link]

* Estimated Circulating Supply Schedule after proposal passage: Please refer to the Medium article linked under “More Details” below.

  • The revised circulation schedule has been calculated to reflect the potential transfer of the Ecosystem and Backers tokens to the Community Pool in the event that this proposal is approved.
  • If this proposal is approved, the revised circulation schedule will be updated and publicly disclosed to the community.


Please check the link below for more details: 👉 More Details