To refine the proposed reward schemes and tokenomics models, a multi-faceted approach can be adopted. First, the reward structures for both validator and standby masternodes should be adjusted to ensure that they are competitive yet sustainable. For instance, introducing a tiered reward system based on performance metrics, such as the number of transactions validated or the uptime of the masternodes, can incentivize higher participation without excessively inflating the token supply.
Additionally, implementing a mechanism that allows for variable transaction fees based on network congestion can help maintain user-friendly costs. For example, during periods of low demand, transaction fees could be reduced, while during peak times, a slight increase could be applied, ensuring that users are not deterred by high costs. This dynamic adjustment can be coupled with a cap on fees to prevent excessive charges.
Moreover, promoting long-term network growth can be achieved through loyalty programs that reward long-term stakers with increased returns or exclusive benefits, such as governance rights or access to new features. This would not only encourage users to hold their tokens but also foster a sense of community ownership and engagement in the network's future.