Proposal #12

(This proposal was posted up as CdC felt that setting the minimum deposit to 5,000 CRO as per proposal #10 was too steep of a change and as a compromise, had agreed to reduce it to a more conservative 10,000 CRO. The minimum deposits can be look into again when the CRO price increases in the future)

Currently the minimum deposit amount required for raising a governance proposal is 20,000 CRO, which amounts to about US$8.7k at time of writing, or $19.3k if using CRO's all-time-high price.

The amount needed (in terms of US dollars) is way too high when compared with other Cosmos ecosystem projects. For example:

Akash = 1000 AKT ~ $2.1k

Osmosis = 500 OSMO ~ $4.7k

Cosmos = 64 ATOM ~ $2.3k

Secret = 100 SCRT ~ $896

Iris = 1000 IRIS ~ $86

I would propose reducing the minimum deposit amount required so that the cost of raising a proposal in terms of fiat value will be more in line with other cosmos-based chains.

I would suggest setting the minimum deposit required to 10,000 CRO which translates to approximately US$4.3k at the time of drafting this proposal. This will allow more shareholders to be able to raise a governance proposal while at the same time, ensuring that the threshold is not set too low to limit spam proposals