Register SNS personal domain name with KEY,and destruction mechanisms

0x2e4e
March 17th, 2022

KEY Payment

After feedback from the community and internal discussions within the team, SNS will gradually support other coins to pay for domain name registration fees. The first coin to be supported is KEY (Linkkey project token).

Meanwhile, based on the goal and principle of continuously expanding the number of SNS users, we have made the following pricing for KEY domain name registration.

A domain name registration fee is priced at 1 KEY, and is expected to go live on March 23-25 for KEY token payment.

The official team will adjust the pricing from time to time according to the community & market feedback. In the future, LinkkeyDAO will take over the proposal to decide the registration fee pricing, and users holding KEY will automatically become voters who can participate in the voting.

Destruction

Using KEY for personal domain name registration, we will transfer 70% of the registration fee (i.e. 0.7 KEY) to zero address to achieve 70% of the registration fee destruction.

This slows down the rate of KEY increment to a certain extent, and the KEY that stops incrementing after 3 years will be destroyed according to the destruction mechanism to achieve KEY token deflation.


KEY支付

经社区意见反馈和团队内部讨论,SNS将逐步支持其他币种支付域名注册费。首先支持的币种为KEY(Linkkey项目代币)。

同时基于持续扩大SNS用户量的目标与原则,我们针对KEY注册域名进行了如下定价:

一个域名注册费定价为1KEY,预计3月23-25上线KEY代币支付。

后续官方团队将根据社区&市场反馈不定期进行定价调整。未来将由LinkkeyDAO接管进行提案决议注册费定价,持有KEY的用户均自动成为投票者可参与投票。

销毁

使用KEY进行个人域名注册,我们会将注册费的70%(即0.7KEY)转入零地址,实现70%的注册费销毁。

这在一定程度上减缓KEY的增发速率,3年后停止增发的KEY将按照销毁机制实现KEY的代币通缩。

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Arweave TX
WXXPzYwy0uckfSbyGZ162SZ1Ll02omIHQmF_aCyY_cc
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0x2e4e14FA1fe656679fBfcdfa9F08afcebd248e9e
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rkO08v-dYVep2Tr0MXw_5IcUnKuVfrI7pEbNp-S8UBM