GIP-35: The target total supply should be 3M GNO?

In general I agree with the points mentioned in the proposal, but I am not sure if the proposal will be able to achieve the desired result. From my personal experience unit bias is a thing, people are much more likely to invest in tokens with a smaller $ denominated value than the big $ tokens. It also requires a certain level of sophistication to understand FDV and the vast amount of new users don’t understand the concept. If you burn the supply over 7 years, this should increase the $ denominated value of GNO, which makes it more unaffordable for the smaller investors.

In my opinion ETH is so decentralized because it was so cheap and affordable for a long time. If you launch ETH with the current price, you wouldn’t be able to achieve this level of decentralization. So I think you will probably get better results if you increase the token supply, but this should be against the interests of the current investors.

So I suggest the DAO offers a solution similar to YFI and Woofy. We should make mGNO tradable on the open market. Users can exchange mGNO for GNO (32 mGNO for GNO)

In my opinion this should make it much easier for smaller users to invest in GNO and it doesn’t change a thing for current GNO stakeholders.

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