Cooldown
Last updated
Last updated
The pixel placement cooldown system for Crypto Canvas has been designed with careful consideration to achieve a balance between accessibility and incentivization. The goal is to foster an inclusive community while rewarding $CANVAS token holders who take a stake in the project.
Accessibility for All Users Crypto Canvas remains accessible to all participants, regardless of whether they hold $CANVAS tokens. Users without any token holdings will experience a cooldown period of 3 minutes (180 seconds) between pixel placements. This ensures that anyone can contribute to the canvas and enjoy the interactive experience without any financial commitment.
Strong Incentives for $CANVAS Holders To encourage token adoption, holding at least one $CANVAS token in your wallet significantly reduces the cooldown period to 2 minutes (120 seconds). This dramatic reduction creates a strong incentive for participants to acquire and hold $CANVAS.
Beyond the initial reduction, additional holdings unlock progressively lower cooldowns. The largest of token holders (5,000,000+), benefit from the minimum cooldown of just 15 seconds. This tiered structure rewards larger holders while maintaining a fair balance to ensure smaller holders and non-holders can still actively participate.
Balancing Growth and Inclusivity The cooldown system is designed to reward large holders while ensuring inclusivity for the broader community. By introducing a cliff for the first token and gradual reductions for additional holdings, the system avoids creating barriers for smaller participants while incentivizing large positions. This ensures that users at all levels can participate in shaping the canvas.
Adaptability and Future Optimization As the project develops, the initial cooldown structure may need to be rebalanced to account for rapid user growth or shifts in token valuation. Such changes would retain the same design but be realigned to reflect the updated market valuation of the tokens. Any modifications would be proposed transparently to the community, with changes implemented only after receiving majority support from $CANVAS holders.
The initial cooldown structure has been optimized for launch, but it is envisioned that over time, a mathematically driven approach would be optimal for the system’s longevity. This would include a fixed cooldown cliff between 0 and 1 token, followed by marginal cooldown reductions based on each additional token held relative to the circulating supply. Such a model would ensure long-term scalability while maintaining fairness for all participants.