On the 26th of May 2019, 14 POA Core validators unanimously voted to send the emission fund to the POA Foundation (4 voters abstained). This result allows POA’s model of self-sustainability to be put into action immediately. The current collected emission funds - 3,170,268 POA (which includes 1,661,469 POA frozen on the previous vote) - have been distributed to the POA Foundation Multisig wallet.

The emission fund proceeds will be used by the POA Foundation to support the ongoing sustainability, promotion and user adoption of the BlockScout explorer. This includes the funding of new grants and initiatives to support the ecosystem of access to open data. The first recipient will be the BlockScout Fund. This is a community initiative designed to implement features, patches, and infrastructure for BlockScout. This initiative will help BlockScout become a fully-featured explorer and challenge proprietary explorer dominance in the space.

Additional initiatives will be announced as needed, and we are excited for what the future holds for POA network! We want to thank all the POA Core validators who voted on this emission fund and who continue to dedicate themselves to the network.

Emission Ballots Stats Votes

POA on-chain governance allows the validators four options when voting on the emission fund.

Send: Send the emission fund to the POA Foundation’s Multisig wallet.

Burn: Burn the POA tokens from the emission fund, thus removing them from the circulating supply of all POA.

Freeze: Freeze the current total pool of POA in the emission fund until the next vote.

Abstain: The user does not select an option, thus abstaining from the vote.

Here are the results from the latest emission ballots vote:

POA’s on-chain governance has been working for nearly 18 months, with over 50 ballots that validators have participated in! To the validators, we want to say thank you again for supporting POA and proving that on-chain governance can work to support a sustainable network. We look forward to growing POA over the coming months as we advance our initiatives with the help of the emission fund!