Thursday, June 15, 2023

Refund Pirl Coin to the slashed nominated members.

At the beginning of 2020 to the end of 2021 there were 510369.196576374 PIRL slashed and burned. Mr.Alex Shevlakov thinks this is an unreasonable action and he has introduced a policy of returning Pirl coin to the nominated member. So in the future there won't be any members who will no longer be slashed

Slashing will happen if a validator misbehaves (e.g. goes offline, attacks the network, or runs modified software) in the network. They and their nominators will get slashed by losing a percentage of their bonded/staked SkyPirl.
Any slashed SkyPirl will be added to the Treasury. The rationale for this (rather than burning or distributing them as rewards) is that slashes may then be reverted by the Council by simply paying out from the Treasury. This would be useful in situations such as a faulty runtime causing slashing or forcing validators offline through no fault of their own. In the case of legitimate slashing, it moves tokens away from malicious validators to those building the ecosystem through the normal Treasury process.


Proposer: Alex Shevlakov
Voting Status: Yes  (Small Marine)
Send your policy to to receive Pirl coin if we use your policy. Thank

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