Set On-Chain Tax Rate to 1.5%

This proposal is about setting the on-chain tax rate from 0.5% to 1.5% after successful implementation of the reverse charge mechanism. Details see: https://github.com/ChristopherWHarris/Set-On-Chain-Tax-Rate-to-1.5-/blob/main/tax_proposal.md

Not approved

high confidence · automatic execution

Submitted

18 Dec 2024, 07:21:07 UTC

Vote closed

25 Dec 2024, 07:33:53 UTC

Not approved

The proposal did not produce an approved governance action.

Vote math

Current or final voting power, calculated from the on-chain tally.

Yes198,141,835,577.98 LUNC · 26.77%

No336,460,436,311.95 LUNC · 45.46%

No with veto204,646,171,121.99 LUNC · 27.65%

Abstain837,220,058.47 LUNC · 0.11%

Quorum

Live parameter verification

Proposed values compared with the current module state. A difference may mean a later proposal superseded this one.

Gas Prices

Current match

Proposed: [{"denom":"uaud","amount":"0.950000000000000000"},{"denom":"ucad","amount":"0.950000000000000000"},{"denom":"uchf","amount":"0.700000000000000000"},{"denom":"ucny","amount":"4.900000000000000000"},{"denom":"udkk","amount":"4.500000000000000000"},{"denom":"ueur","amount":"0.625000000000000000"},{"denom":"ugbp","amount":"0.550000000000000000"},{"denom":"uhkd","amount":"5.850000000000000000"},{"denom":"uidr","amount":"10900.000000000000000000"},{"denom":"uinr","amount":"54.400000000000000000"},{"denom":"ujpy","amount":"81.850000000000000000"},{"denom":"ukrw","amount":"850.000000000000000000"},{"denom":"uluna","amount":"28.325000000000000000"},{"denom":"umnt","amount":"2142.855000000000000000"},{"denom":"umyr","amount":"3.000000000000000000"},{"denom":"unok","amount":"6.250000000000000000"},{"denom":"uphp","amount":"38.000000000000000000"},{"denom":"usdr","amount":"0.524690000000000000"},{"denom":"usek","amount":"6.250000000000000000"},{"denom":"usgd","amount":"1.000000000000000000"},{"denom":"uthb","amount":"23.100000000000000000"},{"denom":"utwd","amount":"20.000000000000000000"},{"denom":"uusd","amount":"0.750000000000000000"}]

Outcome scoreboard

Objective network measurements at vote close plus 7, 30, and 90 days. Missing history is shown honestly, never backfilled with estimates.

Total LUNC supply

Preferred signal: down

7 days

Not applicable

Only approved proposals receive an outcome window.

30 days

Not applicable

Only approved proposals receive an outcome window.

90 days

Not applicable

Only approved proposals receive an outcome window.

On-chain message evidence

/terra.tax.v1beta1.MsgUpdateParams

Current

[{"denom":"uaud","amount":"0.950000000000000000"},{"denom":"ucad","amount":"0.950000000000000000"},{"denom":"uchf","amount":"0.700000000000000000"},{"denom":"ucny","amount":"4.900000000000000000"},{"denom":"udkk","amount":"4.500000000000000000"},{"denom":"ueur","amount":"0.625000000000000000"},{"denom":"ugbp","amount":"0.550000000000000000"},{"denom":"uhkd","amount":"5.850000000000000000"},{"denom":"uidr","amount":"10900.000000000000000000"},{"denom":"uinr","amount":"54.400000000000000000"},{"denom":"ujpy","amount":"81.850000000000000000"},{"denom":"ukrw","amount":"850.000000000000000000"},{"denom":"uluna","amount":"28.325000000000000000"},{"denom":"umnt","amount":"2142.855000000000000000"},{"denom":"umyr","amount":"3.000000000000000000"},{"denom":"unok","amount":"6.250000000000000000"},{"denom":"uphp","amount":"38.000000000000000000"},{"denom":"usdr","amount":"0.524690000000000000"},{"denom":"usek","amount":"6.250000000000000000"},{"denom":"usgd","amount":"1.000000000000000000"},{"denom":"uthb","amount":"23.100000000000000000"},{"denom":"utwd","amount":"20.000000000000000000"},{"denom":"uusd","amount":"0.750000000000000000"}]

Set On-Chain Tax Rate to 1.5%

Vote math

Live parameter verification

Outcome scoreboard

On-chain message evidence

Expected impact