Confidential Asset Issuance Cost Reduction

Great idea. I’m down for this.

1 Like

50 BEAM for creating CA, distributed to miners or burned.

4 Likes

Two BIPs have been added on the forum:
BIP 1: BIP 1 - Reduce CA minting cost
BIP 2: BIP 2 - Directing CA mint fee to miners

These cover the above discussions, and have aimed to address the feedback that has been shared here. Please vote, and ofc let us know if you have any feedback :slight_smile:

Voting is live and will be open until 1 PM GMT Friday the 13th. Be sure to vote before the cutoff.

2 Likes

Hey guys,

Higher CA issuance cost (in BEAM tokens) shouldn’t be problem for now. BEAM is currently cheap and almost anyone can afford it. In future if BEAM become more expensive we can reduce price through another hardfork. Key takeaway is we can go with higher cost for now.

Additionaly higher cost would go well along with community fund. This fund will keep all tokens from issuance of CA and could be used through DAO voting. This will give community power to spend these funds as they decide - this would be really engaging to all of us and give us more sens of ownership of BEAM chain ecosystem development.

Edit:
I have opened new topic for discussion on this topic.

2 Likes

Hello. Vote for the reduction of confidential asset cost issuance.
I believe the amount of 100 BEAM is ideal.