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Token Supplier about colonynetwork HOT 3 CLOSED

joincolony avatar joincolony commented on June 8, 2024
Token Supplier

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Comments (3)

lazovicff avatar lazovicff commented on June 8, 2024

At colony creation, some tokens must also be assigned to addresses to allow users to stake tokens to create the first tasks.

I think this is covered by bootstrapColony.

A one-off lump sum may also be created and made available to the colony-wide domain.

Is there a specific amount? (Or maybe it should be passed in createColony. It should be different for every token, depending on value of that token?)

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area avatar area commented on June 8, 2024

I think this is covered by bootstrapColony.

I agree

A one-off lump sum may also be created and made available to the colony-wide domain.
Is there a specific amount? (Or maybe it should be passed in createColony. It should be different for every token, depending on value of that token?)

No specific amount, but passing in during createColony seems okay. It could also be a function only allowed during the bootstrap phase. Note that not all colonies will want to use this functionality, or even be able to, if the token doesn't have .mint() or they don't have the permission to call it.

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lazovicff avatar lazovicff commented on June 8, 2024

Ok, so im just trying to understand - Are we limiting the issuance rate because we want to minimize diluting of existing tokens, or we are giving the colony the guidelines to keep their finances healthy, or there is entirely different reason?

The reason i asked this is because i can also put the functionality for this controlled influx into claimColonyFunds, and it will be applied to every colony without exception (if we want this). This won't stop the dilution, but it will control available amount of tokens for creating tasks. mintTokens can be easily bypassed as you said.

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