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Drafting suggestions and structural adjustments for consideration #30

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Beyond several drafting suggestions proposed in the interests of clarity, this pull request proposes several other structural adjustments. We propose the following for consideration:

  • Introducing a cap into the tokenomics section to address tokens released by dev team over time and provide necessary clarity to investors regarding the maximum number of coins being released.
  • Introducing the concept of "Initial Token Grant" to distinguish between allocations built into the token design and other tokens otherwise available to the dev team (e.g. from treasury, allocated dev fund or any other pool of tokens not immediately "granted" but otherwise accessible by dev team)
  • Proposing that the notification under (b)(1)(x) be in a prescribed form so that essential data points are supplied by the dev team to the public.
  • Clarifying that the exemption will apply to forks initiated by the dev team to minimise risk of exemption being gamed through the porting of an old network and its token holders onto new network and then re-starting the clock.
  • Introducing a hard stop for the transition period for trading platforms. This will avoid uncertainty in the event the dev team fails to publish exit report for any reason.
  • Restructuring the definition of "Network Maturity" so that the 20% exception applies at all times and the definition uses existing definitions to focus the intent of the mechanism. Ideally, terms such as "decentralization" should have their own standalone definitions as this will simplify drafting as further iterations occur.
  • Removing the notion of "financial interest" from the definition of "Token". This seems to introduce an operative term into the definition which should be avoided where possible.

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