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- Provenance Blockchain Q1 2025 Newsletter
Provenance Blockchain Q1 2025 Newsletter
Updates from the team. Back and better than ever!
🌟 Editor's Note
Q1 marked a transformative month for the Provenance Blockchain ecosystem, with major strides in governance, tokenomics, leadership, and community engagement. Here’s a breakdown of this past quarter’s biggest milestones and what they mean for the future of HASH and the broader Provenance network.
🔧 Governance & Tokenomics: A New Era Begins
On March 13, the community passed a landmark governance proposal that redefines how HASH functions within the ecosystem. The tokenomics update prioritizes decentralization, liquidity, and a sustainable long-term model.
Key ecosystem elements of the passed proposal include:
💰 Platform upgrades:
Flat Network Fees: Gas fees are replaced with a flat USD-denominated fee, paid in HASH, simplifying user experience.
Settlement Fees: Starting at 3.5 bps and lowering with volume growth. These will be funneled into a decentralized auction (HASH Market) for community benefit.
Provenance Pulse: A soon-to-launch dashboard tracking on-chain activity including TVL, application engagement, and the latest HASH metrics.
🛡 Governance and security:
Token Reallocation: 40% of Figure’s HASH holdings are being returned to the Foundation to support decentralization and ecosystem incentives.
Validator Fees: 60% of the network fees will be going to support validators
💹 Liquidity, inflation, utility:
Dynamic Inflation: Inflation adjusts from 1% to 52.5% depending on staking participation. With 60% of tokens staked, inflation drops to its minimum.
Hash Market (Auction Platform): Stakeholders can bid on settlement fees using HASH or acquire HASH through auctions. Winning HASH bids are burned, reducing supply.
Milestone-Based Rewards: Incentives tied to on-chain volume and asset metrics, with higher rewards for stakers and active participants.
TL;DR: A new token model will be implemented over the next several months—with flat fees, reduced supply, burn mechanics, and performance-based rewards, all designed to fuel a more decentralized, liquid, and community-owned future.
📮 Governance Vote Results
On March 19, the tokenomics overhaul passed with overwhelming support:
Total Voted: 6.5B HASH
Votes in Favor: 5.3B HASH
🎙️ Provenance Pulse Recap: Ecosystem & Leadership Updates:
🔨 Operational Priorities
Recapitalization for Growth: Provenance Foundation is actively raising capital to fund continued growth.
Key Hires Underway: Searching for a Head of Institutional Partnerships to deepen adoption.
HASH Liquidity Expansion: The team is working with partners and strategizing a path forward to continue to expand the HASH ecosystem.
Brand Narrative Buildout: Expect stronger storytelling and strategic content as part of a renewed community push.
👥 New Leadership
Michelle joins as Chief Marketing Officer, leading branding and PR efforts.
Juanna steps in as Community Manager, bringing fresh energy to engagement and grassroots growth.
Myosin Agency Onboarded: Helping drive the rebrand and amplify our presence across Web3 and RWA conversations.
🌱 Community Momentum
Discord & Telegram Moderation Team launched to improve community experience.
Content Creation Guild is live! Focused on finance and RWA insights, the guild empowers members to lead thought leadership from within the community. Help us build out our early voice and get rewarded!
📩 Validator Delegation Results Are In!
🔮 Looking Ahead
March laid the foundation. Now, Q2 is about execution. With new tools, refreshed tokenomics, and energized leadership, Provenance is poised for rapid ecosystem expansion.
Expect more stronger partnerships, more content, and deeper community collaboration on the horizon.
Onward and upward!
❓ Got Questions?
Still wondering how the HASH works or what these changes mean for you? Jump into the conversation on Discord, Telegram, or tag us on Twitter!
A team member will jump in, and we will add most frequently asked questions into our growing FAQ page.
💬 RWA Fun: Fact or Fiction?
Tokenized assets are riskier than traditional investments.
Debunked: While all investments carry risks, tokenized assets aren't inherently riskier. In fact, they can offer more transparency and security due to the immutable nature of blockchain technology. Every tokenized asset is backed by tangible real-world value, and transactions are recorded on a secure, decentralized ledger that cannot be tampered with. This reduces the risk of fraud, enhances transparency, and increases trust 🔐🛡️
Till next time,