$QUBIC Quorum Governance Proposals 2. Proposal in Epoch 218 Proposal: Upgrade Qbay Smart Contract — Burn Collection Creation CFB Fees 👤 Author: qubic 🚀 Core objectives Upgrade the Qbay NFT marketplace smart contract to burn CFB tokens paid when creating a collection, instead of routing them to the marketplace owner as revenue. This aligns collection creation with a deflationary token model. ⚙️ Technical implementation Modify the `createCollection` procedure in `core/src/contracts/Qbay.h` to transfer collection creation CFB fees to the burn address (`NULLID`) instead of the QBAY contract (`SELF`). The fee is no longer added to `state.earnedCFB`. The upgrade is in-place with no state migration required. 💡 Innovative approach Burning collection creation fees permanently removes CFB from circulation, reducing supply over time as new collections are created. This is a targeted deflationary mechanism separate from ongoing marketplace revenue. 💰 Economic aspects Collection creation fee amounts remain unchanged (100–2000 USD-equivalent fee units, paid in CFB based on oracle price). Marketplace owner still receives all other CFB revenue from sales, auctions, offers, etc. QU-based fees and shareholder dividends are unaffected. 🌍 Expected impacts Reduces CFB supply with each new collection, benefiting token holders through deflation. Marketplace owner loses collection creation revenue but retains all other income streams. No change to user experience or fee amounts. 🔗 Proposal link below ⬇️ Translate with native Google translator