HARDCAP OF DOT
The only thing I really had to go by in terms of data, was the hardcap of KSM of the projects, in the first and current batch of the Kusama auctions, relative to Kusama’s total market cap.
First batch = 10-15 % of Kusama’s total market cap
Current batch = 2-4 % of Kusama’s total market cap
Based on that, I would say that around 2 % of Polkadot’s market cap (1.115.893.767 DOT) seems appropriate. Therefore, around 22.000.000 DOT matches the current data better, in my opinion.
RATIO OF DOT : CFG
It is a bit tricky to determine what a fair ratio should be as it also depends on the market price(s) and the bonus(es) rewarded for contributing DOT. But if we take a look at how much staking rewards people loose by not staking their DOT, it’s roughly around 13-14 % per year.
I personally find the ratio 1:1 a bit underwhelming but it primarily depends on how much is allocated for the rewards in CFG for locking up our DOT. It also depends on the bonus rewards (e.g. early contributors, double trouble bonus etc.)
Since I/we don’t have any specific numbers to go by, it’s quite hard to come with a good estimation.
I tried looking through the tokenomics and all I could find was that
3% of CFg tokens will be minted each year as PoS block rewards, DOT lock rewards, and liquidity rewards
However, it doesn’t say whether it’s equally distributed or not.
Thank you for asking for my opinion, I appreciate it, and it shows how much you guys value the community.
But I’m curious to hear what others think on the matter as well, and if we could get some specific numbers from the team, it would be easier to come with an input.