Emission governance

1. Long-term Emission Strategy: Targets sustainable emission rates where the rewards to validators, contributors, and delegators are balanced against the revenue from selling VIRTUAL services to DApps.

2. Ecosystem Treasury: Initially fueled by unallocated tokens or open market buybacks from liquid fund operations, with emission rates governed by VIRTUAL token holders.

3. Emission Allocation Among VIRTUALs: Determined by the staked amount of $VIRTUAL, reflecting token holders' strategic decisions on which VIRTUALs to support.

Imagine $VIRTUAL token holders as Venture Capital

Think of all token holders as running a Venture Capital fund, with the capital denominated in $VIRTUAL tokens. They support certain Virtuals by staking their $VIRTUAL tokens within the Virtual. Their decision-making can be either to support a Virtual with strong ongoing commercial traction or to place a bet on a new Virtual that shows good promise.

4. Validator-Contributor Revenue Split: Initially set at a 50/50 split, subject to future adjustments by the protocol's collective decision.