HIP 51 revisions 2/23

0052-lorawan-dao.md

@@ -76,7 +76,7 @@ Token).
 
 In HIP 51, we proposed that programmatic treasuries are designed to be one-way i.e. only DNT token holders can interact with the programmatic treasury with intent to sell. Network participants cannot purchase DNT tokens against HNT, although non-profit actors like DeWi can “donate” tokens into the programmatic treasury without receiving any assets in return. The intended effect of this is to mitigate speculation that could be harmful for DNP miners.
 
-We propose that the LoRaWAN Programmatic Treasury takes the following shape:
+We propose that the LoRaWAN Programmatic Treasury issuance formula is given by 
 
 ![P = S^{1.1} \times
 10^{-8}](https://latex.codecogs.com/png.image?\dpi{110}%20P%20=%20S^{1.1}%20\times%2010^{-8})
@@ -110,13 +110,13 @@ newly minted LRW tokens, the following table and graph are helpful:
 
 ![lrw token supply][lrw-token-supply]
 
-At the end of a given epoch, the L1 HNT emissions contract performs a tally of
-the data credits transferred across the LoRaWAN Network. The emissions contract
-subsequently distributes the determined amount of HNT to the LoRaWAN subDAO
-multi-signature wallet, the addresses of which comprise the set of Validators of
+At the end of a given epoch, the L1 HNT emissions contract **performs a tally of
+the data credits** transferred across the LoRaWAN Network. The emissions contract
+subsequently distributes the determined amount of HNT to **the LoRaWAN subDAO
+multi-signature wallet**, the addresses of which comprise the set of Validators of
 the LoRaWAN Network.
 
-There is a 0.3% transaction fee on all inflows and outflows within the programmatic treasury. For example, if emissions into the curve in a given epoch amount to 100 HNT, 99.7 HNT worth of LRW tokens will be allocated for stakeholder rewards (miners, validators) and 0.3 HNT worth of LRW tokens will be placed into a subDAO reserve.
+There is a 0.3% transaction fee on all inflows and outflows within the programmatic treasury. For example, if emissions into the curve in a given epoch amount to 100 HNT, 99.7 HNT worth of LRW tokens will be allocated for stakeholder rewards (miners, validators) and 0.3 HNT worth of LRW tokens will be placed into a **subDAO reserve**.
 
 The subDAO reserve is intended to allow the DNT to perform bespoke operations to create and sustain network growth. The primary use case of the reserve is to fund all state transition transaction fees to the L1, but can be deployed in any manner of ways as per subDAO governance. Such incentives could include
 
@@ -244,7 +244,7 @@ Tokens Allocated to Hotspots.
 
 ![lrw distribution above market value][lrw-distribution-above-market-value]
 
-Note that all manufacturers within the LoRaWAN networksubDAO must stake a minimum of 10,000,000 HNTLRWin order to be whitelisted to receive rewards. The intention of this requirement is to increase the security of the network. In exchange for this stake, manufacturers earn 2% of LRW mined by hotspots they sold and maintain. The intention is to create incentives for manufacturers to build high quality hotspots which maximize mining output and to continue to support previously sold hotspots into the future. If at any point, a manufacturer gives ownership of maintenance and firmware upgrades to a third party, all future manufacturer rewards flow to this new entity. 
+Note that all manufacturers within the LoRaWAN networksubDAO must stake a minimum of 10,000 HNT in order to be whitelisted to receive rewards. The intention of this requirement is to increase the security of the network. In exchange for this stake, manufacturers earn 2% of LRW mined by hotspots they sold and maintain. The intention is to create incentives for manufacturers to build high quality hotspots which maximize mining output and to continue to support previously sold hotspots into the future. If at any point, a manufacturer gives ownership of maintenance and firmware upgrades to a third party, all future manufacturer rewards flow to this new entity. 
 
 At present, every 24 bytes sent in a packet cost 1 DC, priced at $0.00001. Data
 Credits are generated by burning the requisite amount of HNT as per the Helium