Eliminate Free FCH TPID rewards to partners
Intro
Currently partners are paid TPID rewards (up to 50%) for every free FIO Crypto Handle they generate.
Foundation has to pay for the registration of those handles from its limited special-purpose FIO Crypto Handles Giveaways token pool.
Many partners immediately sell received FIO tokens to fund their own treasuries.
Proposal
In order to ensure long-term sustainability of the Foundation, I believe the TPID rewards should be collected by the Foundation instead and used to fund its initiatives.
Foundation will continue to fund free FIO Crypto Handles for partners, it just would not pay TPID rewards for it.
This proposal will not impact existing agreements, but only new ones.
Partners may be more incentivized to sell FIO Domains and paid FCHs, which would further benefit the protocol.
This makes sense to me - I’m in support of this proposal.
As a possible consideration, we could evaluate “sunsetting” the TPID rewards for existing partners within a 6mo time frame. With the exception of Opera Browser, the TPID rewards for all other integration partners have been nominal over the last 6mo. Some scenarios / possibilities, but not limited to:
1) FIO makes an exception for Opera – they avg. 20,564 CHs/mo and may rely on this income. Any insight into how they value their FIO token rewards?
2) FIO unilaterally sunsets the rewards for existing partners in 6mo time – this may cause concern, but most likely not as it's a nominal value to their platform
3) FIO could offer to take any revenue lost to the partner and apply that to a marketing initiative (either paid media campaign or other) for all partners who generate >1,000 CH registrations at the end of the following 6mo; this would be an offer to help support them with driving new users and usage to their platform which, I believe, may be really interesting from their POV, and as such, will also help FIO retain value while also driving utility
4) FIO does nothing
Look at FCH Regs by TPID in last 6mo: https://graph.fioprotocol.io/d/RkyA9kdMk/fio-addresses-and-domains?from=now-6M&to=now