Opengame Foundation to Start Vote on CROSS Mainnet 2.0 ‘Breakpoint’ Upgrade April 15

Source
Uk Jin

Summary

  • Opengame Foundation said it will begin a governance vote on April 15 for Breakpoint, the CROSS mainnet 2.0 upgrade.
  • The upgrade will introduce PoSA, a participation-based structure, token staking, and a reward mechanism to the network.
  • CROSS will maintain zero minting, allocating 60%% of the foundation’s holdings to participant rewards and about 5%% to ecosystem expansion.

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Photo: Opengame Foundation
Photo: Opengame Foundation

Opengame Foundation said April 7 that it will begin a governance vote on April 15 for "Breakpoint," the CROSS mainnet 2.0 upgrade.

The proposal calls for a broad overhaul of the network’s operating model and reward structure. Ecosystem contributors will be able to participate in the vote by staking tokens.

The foundation plans to introduce a Proof of Staked Authority, or PoSA, model and shift the network to a participation-based structure. Under the system, participants stake assets to contribute to network operations and receive rewards in return.

The tokenomics structure will also be revised. CROSS will maintain its zero-minting policy, with no additional token issuance, while using 60% of the foundation’s holdings for participant rewards. About 5% of the holdings will be allocated separately for ecosystem expansion.

The proposal also includes revisions to the reward system and base-fee burning.

The foundation said the upgrade will mark a turning point for the CROSS ecosystem and that it aims to build a sustainable network based on community participation.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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