TON proposes optimizing the economics of TON tokens

02/15/2023 18:18 • Metaverse Matters • 96 views

On February 15, TON released a proposal on optimizing the economics of TON tokens on Ton.vote. The proposal aims to reach a community consensus on the recycling supply of TON tokens and temporarily freeze inactive mining wallets for 48 months. These wallets have never been activated and there are no outgoing transfers in their historical records. It is widely speculated that the access rights of these inactive wallets may have been lost, and their existence will greatly increase the uncertainty of network participants. The community voting time is from February 14 to February 21, lasting for 7 days. Then there is online voting, that is, the verifier uses the pledged TON to vote, and the time will be from February 21 to February 24.

TON issued a proposal to optimize the economics of tokens, temporarily freezing inactive mining wallets for 48 months

Analysis based on this information:

The TON team recently released a proposal on optimizing the economics of TON tokens on Ton.vote. The main goal of this proposal is to reach a community consensus on the recycling supply of TON tokens and temporarily freeze inactive mining wallets for 48 months. These wallets have not been activated and shown no outgoing transfers in their historical records. It is highly speculated that the access rights of these inactive wallets may have been lost, which could greatly increase the uncertainty of network participants.

In this regard, the TON community is given seven days, from February 14 to February 21, to vote on the proposal. After the community voting, there will be online voting where the verifier uses the pledged TON to vote, and the time frame for this is from February 21 to February 24.

The proposal suggests a recycling mechanism where TON tokens are returned to the smart contract pool upon completion of staking cycles. This proposal is supposed to promote a healthy cycle of supply and demand to influence the long-term development of the TON network’s economics. The temporary freezing of inactive mining wallets will help to minimize the uncertainty that may arise from their existence and the potential loss of access rights.

This proposal is a significant move to optimize the economics of TON tokens and gain a consensus for decision-making. By encouraging community participation and involving them in the decision-making process, TON seeks to foster a decentralized network that is capable of catering to the needs and preferences of its users. The proposed measure promotes transparency in the network and enhances trust among participants.

In conclusion, TON’s proposal to optimize the economics of TON tokens through a recycling mechanism and a temporary freeze of inactive mining wallets is a crucial step towards promoting a healthy cycle of supply and demand in the TON network. Community participation in decision-making is of utmost importance in creating a decentralized network that is transparent and trustworthy.

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TON proposes optimizing the economics of TON tokens

TON issued a proposal to optimize the economics of tokens, temporarily freezing inactive mining wallets for 48 months

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