Synopsis#

Set a hard cap for $JBX without stopping issuance.

Motivation#

Current JBX issuance mechanism has the risk of unlimited inflation, which is harmful to the long-term holding of _JBX holders and not good for the development of the community._In order to increase the JBX holder's confidence to JBX and the value of JBX, and maintain treasury cash flow at the same time. I suggest to set a hard cap for JBX without stopping issuance.

Specification#

Modify the issuance mechanism to the one like $BTC which has a fixed hard cap, but it can't be minted out. The solution would be like:   

Rationale#

Once the solution is applied, we will have a fixed hard cap of $JBX and the issuance is kept at the same time.

Risks#

The contract will be modified which will lead to potential risk.

Timeline#

Q2 2023