Overview

Since its fair launch in August 2024, $COAL has been a community-driven project with no pre-mine or team allocation. While this approach has ensured a fair start, it limits our ability to scale the project and reward community contributions.

To ensure the long-term sustainability of the project, we propose establishing a Development Fund through a 4.2% emissions allocation.

This fund will:

• Support on-going protocol development and innovation
• Reward community-driven initiatives and contributions
• Enable marketing and growth initiatives to expand the $COAL ecosystem

Details

The emissions allocation will be 4.2% of the current mining emission rate:

11,250 * 0.042 = 472.5 (development allocation per day)

To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. However, future emission rate adjustments will integrate this allocation into the base rate.

The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures from this fund will be tracked and shared publicly to ensure transparency and accountability.

Example for Future Adjustments:

If the emission rate were adjusted to 10,000 $COAL/day:

• Mining rewards: 9,580 $COAL/day
• Development allocation: 420 $COAL/day