# Mainnet parameter discussions: Knowable's proposal

**URL:** <https://forum.namada.net/t/mainnet-parameter-discussions-knowables-proposal/753>\
**Category:** Parameters\
**Created:** [26 June 2024 02:20 UTC](https://forum.namada.net/t/mainnet-parameter-discussions-knowables-proposal/753 "2024-06-26T02:20:56Z")\
**Posts on this page:** 1\
**Showing post:** 32

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**Author:** ![cwgoes](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.namada.net/cwgoes/32/39_2.png) [@cwgoes](https://forum.namada.net/u/cwgoes)\
**Post date:** [28 June 2024 12:31 UTC](https://forum.namada.net/t/mainnet-parameter-discussions-knowables-proposal/753/32 "2024-06-28T12:31:37Z")

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> [@Gavin](#):
>
> when people say “circulating,” i think they mean ‘how many tokens will be liquid’ when transfers are enabled
> 
> the trend these days is for new projects to lock up most of the network’s token supply, and the liquid tokens are considered the “circulating supply” (which i think tends to be beneficial for early token holders and at the cost of new stakeholders)

I see. In the current phase 5 governance proposal example that has been published on Github, all NAM tokens could be transferred when the phase 5 proposal is passed. That continues to be my personal preference and recommendation, for reasons discussed [here](https://forum.namada.net/t/proposal-for-mainnet-launch-phases/560/44). However, community governance could always make a different governance proposal, or vote to do something else!

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