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Carthage genesis block #3419

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bedeho opened this issue Mar 15, 2022 · 1 comment
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Carthage genesis block #3419

bedeho opened this issue Mar 15, 2022 · 1 comment
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@bedeho
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bedeho commented Mar 15, 2022

Background

We are launching Carthage which will be a new chain, with a genesis block and launch process as close as possible to the mainnet launch. This issue defines how we set the state of the genesis block.

Proposal

The genesis block only initialised a set of account balances, with possible associated vesting, nothing else, and they are set as follows:

Stakeholder Multisig allowed Allocation (Hapi & %) Launch Liquidity [2] (Hapi & %) Vesting [3] (months)
Current FMs [1] Yes
Core Team Yes
Jsgenesis AS [1] Required
Current Investors Yes
Rhodes accounts No
Sudo account No
  • This table will contain some rounding errors.
  • The set of founding members will change on mainnet.
  • [1] is as of of council period 10 being concluded, should be updated at snapshot block, as time passes, greater and greater share of $JOY is allocated away from Jsgensis and towards FMs.
  • [2] is the initial % share of corresponding stakeholder's allocation which is immediately transferrable at genesis.
  • [3] is the number of months it requires for the corresponding stakeholder's allocation to become fully transferrable, not counting the initial launch liquidity. This occurs gradually block by block following a linear schedule.

┆Issue is synchronized with this Asana task by Unito

@mochet
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mochet commented Mar 16, 2022

This issue contains quite a few questions that are very relevant to the genesis block also: #3400

@bedeho bedeho removed the mainnet label Jun 15, 2022
@bedeho bedeho changed the title Finalize genesis block Carthage genesis block Jun 21, 2022
This was referenced Jun 21, 2022
@sync-by-unito sync-by-unito bot closed this as completed Oct 3, 2022
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