This proposal is aimed to increase the reward to collators for block production. The current reward is 380 520 Wn (0.00038052 XRT), which, given the current exchange rate and recommended computing power, is not economically justified.

It is proposed to increase the reward by 4.2 times, **up to 1 598 184 Wn (0.001598184 XRT)**, thereby increasing the interest of collators in maintaining the network.


**Technical details**

The proposal is to execute a transaction with the **system.remark** call, which contains the following string:

> Set block production reward to 0.001598184 XRT


The system remark was chosen because in order to execute this proposal, it is needed to update the runtime from the outside of the parachain. But allows us to find out the opinion of the community and store the voting results in the parachain.

If the vote is successful, the Robonomics team will update the runtime with the new reward value.

Encoded call hash:

```
0x8a8b392c795c50c1522185766ab8b164647aa0454e8f19cfcee02af70bb980fe

```

Encoded call data, which can be decoded on Robonomics parachain:

```
0x0a01b853657420626c6f636b2070726f64756374696f6e2072657761726420746f20302e30303135393831383420585254

```

Make some on-chain remark.

# <weight>
- `O(1)`
# </weight>

- The proposal is to increase the reward for collators who produce blocks.
- The current reward is not enough, so they want to increase it by 4.2 times.
- They will use a system remark to execute the proposal.
- If the vote is successful, the reward will be updated.
- The encoded call hash and data are provided for the update.

#100 Increase Reward of Collators

No Active Proposals