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Update MOTIVATION.md

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Do Kwon 2019-08-09 13:47:00 +09:00 committed by GitHub
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MOTIVATION.md
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@ -10,7 +10,7 @@ While we remain strong believers in Terra’s value-centric reward model and its
In the interest of increasing near term block rewards to offset validation costs, the signatory validators to this proposal, agreed to start Project Santa. Project Santa is a bot that distributes donations to network stakeholders in order to subsidize block rewards. To kickstart the process, the Ghost, Goliath, Marine and Wraith validators generously agreed to seed Project Santa with 21.6 million Luna tokens to be distributed over the next year. This results in an approximate 10% staking yield on the 216 million tokens currently staked. Like other block rewards, these tokens will be distributed pro-rata to the amount of Luna staked. The the Ghost, Goliath, Marine and Wraith validators have further agreed to commit up to 100 million Luna tokens over the next five years for future block reward subsidies if block rewards fail to become competitive with the industry standard.
The Santa bot will go live on August 8th, 2019, and will remain operational until such time that it is no longer needed by the Terra community. This is a wonderful example of the community rallying together to defend the security of the network security, and ensuring sufficient funding in the development of the Terra ecosystem. We are committed to working closely together to help power Terra’s innovation of money!
The Santa bot will go live on August 8th, 2019, and will remain operational until such time that it is no longer needed by the Terra community. This is a wonderful example of the community rallying together to defend the security of the network, and ensuring sufficient funding in the development of the Terra ecosystem. We are committed to working closely together to help power Terra’s innovation of money!
Santa Validators,