Tag: Community

Ethereum community members propose new fee structure for the app layer

coiner

Two Ethereum community members, Kevin Owocki and Devansh Mehta, proposed a dynamic fee structure for the Ethereum application layer to strike a balance between revenue generation for app builders and fairness in fee extraction. The April 27 proposal outlined a simple equation that uses a square root function that proportionally lowers the percentage of fees as the funding capital allocated to a particular project grows. Owocki and Mehta explained: “For smaller funding amounts, the fee follows a square root function (sqrt(1000 x N)), providing proportionally higher returns to make building…

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Singer Vérité’s fan-first approach to Web3, music NFTs and community building – Cointelegraph Magazine

coiner

Carving out a sustainable career as an independent musician is no easy feat. The competition is fierce, support can be hard to find, and earning a living without the financial help of a major record label is an uphill battle. Yet, for those who are able to build a loyal fanbase, the freedom of complete creative control can be liberating. Technology has long proven to be a potential friend to those musicians willing to embrace it, and nonfungible tokens are the latest innovation that many tech-savvy artists have begun incorporating…

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IMF’s CBDC push gets feedback from the crypto community: ‘No one wants this’

coiner

As the International Monetary Fund (IMF) continues its effort to advance the technologies behind central bank digital currencies (CBDCs), some members of the crypto community have reacted strongly against the IMF’s efforts to further the initiative.  In a CBDC policy roundtable on June 19, the IMF’s director of the monetary and capital markets department, Tobias Adrian, presented a new platform concept for cross-border payments. This includes a blueprint for a payment system that uses one ledger to record CBDC transactions. According to Adrian, the “XC platform” will have a single ledger…

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Board member Yat Siu answers community concerns on ApeCoin DAO salary payouts

coiner

The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as “insane” salaries after the sums were published in an organizational chart.  On June 10, the ApeCoin DAO secretary who goes by “Vulkan” published an organizational chart on Twitter, detailing the salaries of the DAO’s leadership. This showed salaries ranging from $7,000 per month to $75,000 per month, sums that shocked some community members and prompted a slew of inquiries from several. creating an org chart: $7k /…

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