Redirect NAME minting fees to the DAO This proposal is now in status: PASSED. Voting Results: * Yes 91% 2,346,481 VP (180 votes) * No 9% 245,130 VP (8 votes)

[quote="Existential14, post:9, topic:17544"] burning some adds value to the token. [/quote] Sending tokens to the DAO, if it's hard to take them out, has the same effect as burning.

Where else does MANA get burned? Anywhere? At this time I am voting invalid. I also suggest a percentage. 50/50. Half is burned the other half is sent to DAO. or 80/20. I agree DAO needs funding but burning some adds value to the token.

[quote="dao, post:1, topic:17544"] 36,785 Decentraland Names have been claimed equating to 3,678,500 MANA burned ~ ($1,410,000 USD at current market price). [/quote] UPDATED : 38,326 Decentraland Names have been claimed equating to 3,832,600 MANA burned ~($2,716,000 at current market price). 🚀

Yes you would be correct. Actually this Mechanism is good to increase VP because names are a low cost of entry for newcomers. If there is a whale that does not invest anymore money into Decentraland, they will slowly lose their ratio of power. This inflationary VP will be helpful in having a more VP being passed around amongst all of us. Like I said in order for a whale to maintain their same voting power ratio, they will have to hold MANA, buy names, buy land, etc. in order to maintain their level of power.

No. Names are worth 100VP. You burn 100 mana to make one. So now, instead of VP remaining the same, there will be 100 more available VP for every name minted.

[quote="jar0d, post:4, topic:17544"] This idea would also cause VP inflation, which should be considered, since Voting in the DAO is the primary utility of a DAO token, so by inflating VP you are reducing the value of the token. [/quote] I think what you meant to say is it will remove deflation which will result in market changes that will reflect movement along the supply curve. It is not inflationary, because there are no tokens being created. The value of the token will find a new equilibrium at a lower value due to removing the deflation. However deflation can kill a currency as well as extremely low currency flow volumes which turn it to a store of value. This is why most government fiat currency, they choose a steady inflation of around 2% to keep the flow of money moving to compensate for the money being taken out of circulation. We do need to work on increasing the volume of MANA with different use cases.

[quote="dao, post:1, topic:17544"] For the long-term stability of the DAO is good to generate income streams. They are essential to do budgeting and they enable the DAO to redirect the stream as they see fit. [/quote] Without being able to predict level of interest in the greater community to purchase Mana to offset the DAOs selling of it, to fund any budgets, I don't think you can suggest that any Mana based "income" is a great "income stream." This idea would also cause VP inflation, which should be considered, since Voting in the DAO is the primary utility of a DAO token, so by inflating VP you are reducing the value of the token.

[quote="dao, post:1, topic:17544"] However, [this article ](https://www.placeholder.vc/blog/2020/9/17/stop-burning-tokens-buyback-and-make-instead) claims that redirecting such fees to the DAO and reinvesting them into improving the platform is more beneficial in the long term. [/quote] Which elements of that article do you think directly apply to DCL and MANA? .

Stable and permanent income flows are so vital for DAO future. Thanks @yemel for such an active participation and productive proposals.