The main objective of this proposed change is to upgrade KMD tokenomics by making the supply issuance more deflationary.

Voting Participation Details

Option 1 (Yes) — Reduce the active user Reward amount to 0.01% APR in order to decrease the KMD total supply over time.

Option 2 (No) — Keep the active user reward amount at 5.1% APR.

On March 3, 2023, there was a snapshot of the KMD blockchain. Users who hold KMD in a non-custodial wallet like AtomicDEX either have received a special token called KIP0001 that can only be used specifically for voting. The amount of KIP0001 users receive is 1:1 based on how much KMD is held in your wallet. Note that if you hold KMD in custodial wallets (i.e. Binance exchange or other CEXs), you will not receive KIP0001, and CEXs aren’t allowed to participate in the voting process.

On March 6, 2023, we completed the KIP0001 token airdrop.

The poll ends at the first block notarized (inclusive) after March 31, 23:59:59 UTC.

The following wallets support/ will support KIP0001 tokens:

AtomicDEX Web
AtomicDEX Desktop — a new release will add support before the poll ends
AtomicDEX Mobile — a new release will add support before the poll ends
Verus Desktop  
Komodo Ocean QT
Trezor via AtomicDEX Web — Instructions available here
Ledger via wallet.kmd.io — Instructions available here

***Note: If you're using Verus Desktop or Komodo Ocean QT, you'll need to follow additional instructions to import KIP0001 tokens.

Here are Verus Desktop instructions.

Here are Komodo Ocean QT instructions for Linux, Windows, and macOS.

KIP0001 token chain params:

-ac_public=1 -ac_name=KIP0001 -ac_supply=139419284 -ac_staked=10
-addnode=178.159.2.6 -addnode=116.203.120.163

Voting Addresses

To vote for Option 1 (Yes - reduce rewards), send your KIP0001 tokens to RReduceRewardsXXXXXXXXXXXXXXUxPxuC

To vote for Option 2 (No - keep rewards), send your KIP0001 tokens to RKeepRewardsXXXXXXXXXXXXXXXXYKRSuF

Here is the official proposal link on our GitHub.

The official results will be announced on our blog and social media channels.

If the proposal is accepted, the reduction in active user rewards will coincide with the annual network upgrade (start of dPoW Season 7) in mid-2023.