[GIP] Fund Innovation & Research with Node Rewards #34
Description
Summary
New GoChain node validators onboarded and operating during the period of 15 March 2021 - 15 March 2022 will allocate a minimum of 50% of monthly rewards to the GoChain Foundation for specified R&D work, hackathons, and other innovation-focused work.
Motivation
Provide additional utility and deepen engagement among all GoChain node signers, the Foundation, and community, while reinforcing and further supporting the Proof of Reputation consensus framework. The opportunity for GoChain Foundation and the broader community to support node innovation and Environmental, Social, and Governance (ESG) objectives should not only help to realize additional value for the overall ecosystem & network but also have a positive impact on society and the world.
Mechanics
During the period of 15 March 2021 - 15 March 2022, 50% of any new node signer’s token rewards will be sent to a specific GoChain Foundation wallet address each month. New node signer(s) and the Foundation will agree upon specific blockchain-based work, i.e., research initiatives, POC, hackathons, etc. which will be funded by the token balances.
Additional Information
In addition to the Foundation, community members will have the opportunity to participate, earn tokens and support the research projects. The wallet and all tokens will be publicly accounted for and verified for each initiative. After this 12-month period, all node signers for the GoChain network going forward will be required to allocate a minimum of 50% of monthly rewards to fund similar innovation or ESG-related research initiatives.