zigchain

Prop 44: Community Pool Spend - Retire 675,000 ZIG (Cycle 4, October 2026)

TL;DR: This proposal permanently retires 675,000 $ZIG from circulation, funded by ZIG Markets revenue from October 2026. YES = retire. NO = funds stay in the Community Pool.

 

1) Summary

 

This proposal requests a Community Pool spend to retire 675,000 $ZIG from the Community Pool to the Retirement Wallet, as part of the October 2026 $ZIG tokenomics cycle. Retired $ZIG is permanently removed from active ecosystem circulation. Full execution details below.

 

2) Background

 

The $ZIG tokenomics establishes a recurring monthly cycle:

  • $ZIG is market-acquired and settled into the onchain Community Pool.
  • A portion of the acquired $ZIG is designated for Retirement (permanent removal from active ecosystem circulation), subject to validator governance approval. The remainder is designated for the Ecosystem Pool.

This proposal covers the Retirement portion for the October 2026 cycle.

 

3) Proposed Action

 

If this proposal passes, a MsgCommunityPoolSpend will transfer:

Amount: 675,000 $ZIG (675000000000000000000000 azig) From: Community Pool (zig1jv65s3grqf6v6jl3dp4t6c9t9rk99cd8x4pwth) To: Retirement Wallet (zig14har2kjzze5adwprvwjtruf2lzvfta53wflpml)

Execution is automatic upon passing, at the end of the voting period (block level). No individual signs or triggers the transfer manually.

 

4) Rationale

 

  • Retirement permanently removes the specified $ZIG from active ecosystem circulation, supporting the value-accrual mechanism described in the $ZIG tokenomics.
  • Routing the action through the Community Pool and onchain governance keeps it transparent, validator-approved, and independently verifiable — no privileged manual transfer.

 

5) Transparency & Verification

 

  • Classification by destination: Retirement is determined by destination address, not by label. Any Community Pool spend to the Retirement Wallet counts as a Retirement regardless of how the proposal is titled.
  • After execution, anyone can independently verify that the Retirement Wallet balance increased by 675,000 $ZIG and view the onchain transfer.

 

6) Voting

 

Eligible voters: ZIGChain validators (stake-weighted). This proposal follows the standard governance path — deposit period, discussion, and a 96-hour voting window — with no expedited process used.

YES — Approve the Retirement of 675,000 $ZIG from the Community Pool for the October 2026 cycle. NO — Reject. The funds remain in the Community Pool (designated to the Ecosystem Pool). NO WITH VETO — Strong objection to the proposal. ABSTAIN — No explicit position; contributes to quorum.

 

7) References

 

$ZIG Tokenomics paper Tokenomics Transparency Dashboard Community Pool Wallet: zig1jv65s3grqf6v6jl3dp4t6c9t9rk99cd8x4pwth Retirement Wallet: zig14har2kjzze5adwprvwjtruf2lzvfta53wflpml