As this is the Foam Improvement Proposal thread.
A few suggestions that I think might spark discussions.
- There is does not seem to be an incentive in sight for a Cartographer to put a POI or a Signal on the map.
- For a POI, there only seem to be a risk, as the POI is exposed to being challenged. We need the challenges to keep the basis of the Map’s Token Curated Registry working.
So to help address this. Change how the challenge reward is allocated.
a) When a challenge takes place. 18% of the tokens that get rewarded get distributed to every other point on the map. 2% of the tokens get distributed to every Signal on the map. The distribution takes place after the challenge is completed. The remaining 80% of the reward goes via the current 60/40 split.
Thus existing POI start to accumulate tokens as challenges take place and thus create the incentive to be challenged as they age. The distribution is done in proportion to the amount of tokens staked on each POI divided by the total number of tokens staked on POI’s.
b) Consider reducing the POI staking amount to 10 FOAM token. As at this point in time it is better to get more POI’s on the map. Yes there is a trade off in gas fees. But once someone puts a POI on the map, it then has the opportunity to accumulate tokens per (a). This creates a positive low barrier incentive to participate in building.
c) The reason to distribute some of the tokens to Signals is that it helps with the deflationary aspect of the token, As if you can stake tokens on signals with no risk of loss and the amount of your stake grows, you are less likely to leave the speculative tokens in a wallet unused. Instead they will be placed on the map, serving the function for which they were designed in the whitepaper, a guide to where dynamic proof of location beacons are most desired.