In Brief:
- Model Update: GalaChain node operators have endorsed a new disinflationary emission model, moving away from the earlier gap-based system.
- Token Burns: The revised model facilitates permanent burns of tokens, thereby reducing the total supply over time.
- Revenue Sharing: Node operators to receive 50% of gas fees under the new scheme, with earnings secured by a minimum reward floor of 1.5%.
GalaChain Adopts New Emission Strategy
Strategic Overhaul
The node operator community at GalaChain has cast a decisive vote in favor of adopting a disinflationary emission model. This significant change replaces the previous gap-based method and aims to enhance token management while incentivizing the participation of node operators.
Details of the New Emission Model
Under the newly approved proposal, there will be a balanced distribution of gas fees, with half allocated to node operators and the other half permanently removed from circulation through token burns. This shift to permanent token destruction is a departure from past practices of minting, ensuring a tangible reduction in overall token supply.
The structure of the emission model is designed to begin at a 15% rate, subject to a 15% reduction annually. Importantly, there is a protective measure in place with a floor set at 1.5% to ensure that node operators continue to receive rewards over time. Expected rewards from day one are projected to rise, bolstered by the ongoing revenue sharing approach.
Implementation and Future Plans
Following the community’s approval on April 30, 2026, GalaChain is now focused on implementing the new model. The network’s administrators and the node operator community anticipate progressive updates as they reach further milestones in deploying the model thoroughly across the network.