We, the Genesis League Sports (GLS) team, propose to extend the current distribution of airdrop rewards for staked GMLSPA packs by an additional 20,000,000 GLX at a daily rate of 193,548.39 GLX per day. This would raise the maximum cap of the distribution pool for pack staking rewards from 100M GLX to 120M GLX.
This continued airdrop will be funded from the future partnership pool described at https://whitepaper.genesisleaguesports.com/tokenomics/genesis-league-governance-glx-token and will last for 103 days beyond February 23, 2023, with an end date of June 6, 2023, unless the game is released before that date. The future partnership pool has an allocated 1.4B GLX and would change to reflect a 1.38B GLX allocation, or a higher allocation if the game is released prior to all 20M GLX being distributed.
If the game is released before June 6, 2023, then the airdrop will stop on the day of the release, and any remaining tokens from the 20,000,000 GLX pool will be returned to the DAO.
The current rewards structure for staking GMLSPA packs, as outlined in the whitepaper, will remain unchanged until the end of the airdrop on February 23, 2023, after which the proposed extension will take effect if the proposal passes.
We believe that extending the airdrop rewards for staked GMLSPA packs will provide additional incentives for users to buy and stake their packs and participate in the GLS ecosystem. The proposed extension will also help to further distribute GLX tokens to the community, thereby promoting wider adoption of the GLS platform.
We recognize that the success of the GLS ecosystem is dependent on the participation and engagement of the community. Therefore, we encourage all members of the community to review and consider this proposal carefully, and to vote based on what they believe is in the best interest of the community.
Thank you for your continued support and participation in the GLS ecosystem.
Sincerely,
The GLS Team