Lattice Proposal for Dor Traffic Miner (DTM) Reward Sharing
The Lattice community has put a proposal up for vote around sharing rewards from Dor Traffic Miner (DTM) programs. DTM rewards are managed through the Lattice Gateway and therefore subject to fee assessment by veLTX token holders.
veLTX holders may vote to receive:
- 0% fee on DTM rewards (no fee)
- 5% fee on DTM rewards
Rewards from this program will be paid at the beginning of each month in $DAG, an L0 token, and incur no transaction fees to claim them.
As with every fee claimed for veLTX holders, 5% will be set aside for the veLTX treasury.
Sample fee mechanism:
As of the date of this article, the DTM reward pool is 5,000,000 $DAG per month.
If veLTX holders vote for a 5% DTM rewards fee, 250,000 $DAG will be paid as fees for veLTX holders, and 5% of this (12,500 $DAG) will be added to the veLTX treasury on a monthly basis.
The remaining 4,750,000 $DAG will be distributed to current DTM program participants.
Voting process
The vote begins Wednesday, January 25, 2023, at 8:00 a.m. PT and will remain open for seven (7) days, closing on Wednesday, February 1st, at 8am PT. A quorum of 33% of all veLTX tokens is required for a valid vote with a simple majority to pass.
veLTX holders can vote on this proposal through the Lattice governance platform here.
More about the Dor Traffic Miner
Constellation Network’s DTM is a first-of-its-kind, peel-and-stick, battery-powered thermal sensing device that can be placed in any doorway to count and gather ground truth foot traffic data for use by retailers, restaurants, hotels, entertainment venues, and more. Individuals can place a device in any brick-and-mortar location to earn crypto rewards in exchange for the data they provide.
Each DTM is also a data validator node on Constellation’s Hypergraph network, and DTM rewards are managed through Lattice Gateway’s node management platform.
More about DTM rewards (scroll down in linked article)
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