# Viction Improvement Proposal (VIP) #2: The need to development Viction **URL:** \ **Category:** Governance Discussion\ **Created:** [14 July 2024 04:51 UTC](https://forum.viction.xyz/t/viction-improvement-proposal-vip-2-the-need-to-development-viction/2997 "2024-07-14T04:51:23Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![BacZit](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.viction.xyz/baczit/32/1792_2.png) [@BacZit](https://forum.viction.xyz/u/BacZit)\ **Post date:** [14 July 2024 04:51 UTC](https://forum.viction.xyz/t/viction-improvement-proposal-vip-2-the-need-to-development-viction/2997/1 "2024-07-14T04:51:24Z")
# Viction Improvement Proposal (VIP) #2: The need to development Viction **Prepared by David Bác Zịt, July 2024** This is just a draft ## Executive Summary VIP#2 proposes three important improvements to the Viction ecosystem: - Integrate the EIP-1559 mechanism to reduce deflation in the face of the upcoming supply shock and improve transaction fee predictability and network efficiency - Established Viction DAO to manage and monitor the allocation of 80M $VIC to the right target - Adjusted transaction fees from 0.25 gWEI to 5 gWEI These changes are intended to improve the economic efficiency of the network, ensure transparent governance and stabilize the network’s financial status. ## 1. Integrate EIP-1559+ into Viction Network **Motivation:** [EIP-1559](https://eips.ethereum.org/EIPS/eip-1559)- is a proven mechanism on the Ethereum network that enhances transaction fee predictability, improves user experience, and stabilizes the network’s economic model. Integrating EIP-1559 into Viction will deliver similar benefits, fostering a more robust and user-friendly ecosystem. EIP-1559+ is an additional version of EIP-1559, allowing the basic fee to be shared at a ratio of 50:30:20 to: - Masternode, burning transaction fees and DAO **Benefits:** - **Improved fee prediction** : Allows users to estimate transaction costs more accurately. - **Economic stability** : Reduce fee fluctuations, stabilize the network’s economic model. - **Enhanced User Experience** : Simplify the transaction fee calculation and payment process. - \*_Generate income for DAO and increase the profitability of Masternodes_ **Implementation plan:** - **Phase 1** : Conduct technical research and document EIP-1559+ integration. - **Phase 2** : Deploy EIP-1559 on the Viction testnet for thorough testing. - **Phase 3** : Officially launch EIP-1559 on the mainnet after successfully deploying the test network. ## 2. Establish a DAO to manage and monitor the allocation of 80M $VIC to the right people **Motivation:** Effective and transparent management of the 80M $VIC allocation requires a decentralized and community-driven approach. The establishment of a DAO will ensure community participation, transparency and accountability in the management of the fund. **DAO structure:** - **Members** : Includes representatives from the community, developers and investors. - **Function** : Monitor and manage the allocation and use of 80M $VIC to develop the ecosystem. - **Decision-making process** : Uses a blockchain-based voting mechanism to ensure transparency and fairness. **Implementation plan:** - **Phase 1** : Building a legal framework and operating rules for DAO. - **Phase 2** : Electing DAO members through the community voting process. - **Phase 3** : Start DAO operations and monitor capital allocation. ## 3. Adjust base transaction fee from 0.25 gWEI to 5 gWEI **Motivation:** The current decline in the $VIC price requires a transaction fee adjustment to ensure sustainable revenue and stable operations. **Benefits:** - **Increase Revenue** : Provide the network with a stable revenue stream to support development and security. - **Economic Stability** : Minimizes the adverse impact of $VIC price fluctuations on network operations. - **Increased network security** : Increasing transaction fees will help significantly increase income between Masternodes, thereby keeping Masternodes continuing to operate if VIP #1 fails **Implementation plan:** - **Phase 1** : Announce and collect community feedback on the proposed fee adjustment. - **Phase 2** : Deploy new transaction fees on mainnet. - **Phase 3** : Monitor and evaluate the impact of fee adjustments. ## Conclusion VIP#2 aims to significantly enhance the efficiency, transparency and financial stability of the Viction ecosystem, laying the foundation for Viction to continue operating in a flexible and sustainable manner. I call for community support and participation to improve and successfully realize these initiatives. Each of your comments and modifications is a valuable document to bring the proposal closer to reality and into operation ## Expected timeline and next steps 1. **July 2024** : Announce proposal and gather community feedback. 2. **TBD** : Begin the preparation and testing phase for each initiative. 3. **TBD** : Officially implement changes and start DAO activity. Contact me via Telegram @BacDuck if you have any questions ---
**Author:** ![BacZit](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.viction.xyz/baczit/32/1792_2.png) [@BacZit](https://forum.viction.xyz/u/BacZit)\ **Post date:** [22 July 2024 07:54 UTC](https://forum.viction.xyz/t/viction-improvement-proposal-vip-2-the-need-to-development-viction/2997/2 "2024-07-22T07:54:27Z")
edited: EIP-1559+ is an additional version of EIP-1559, allowing share base fee proportionally - Masternode: 50% - Burning transaction fees: 25% - DAO: 25% (If DAO is not established, it will be burned)