Cosmos Canto’s Proposals Get High Support

02/23/2023 07:24 • Tech Trends • 104 views

On February 23, according to the governance page, recently, the Cosmos ecological public chain Canto’s Proposal No. 48 on reducing the additional issuance of 30% CANTO tokens and the Proposal No. 49 on reducing the liquidity mining reward were voted by 99.99%.

Canto’s two proposals to reduce the additional issuance of CANTO tokens by 30% and the liquidity mining incentive have been voted through

Analysis based on this information:

On February 23, the governance page confirmed the success of two proposals by Cosmos’ ecological public chain, Canto. These proposals aim to reduce the issuance of Canto tokens and liquidity mining rewards by 30%. The voting results of the two proposals were overwhelmingly positive – they received a massive support of 99.99%.

The first proposal, No. 48, seeks to reduce the additional issuance of Canto tokens, which is a crucial move to prevent inflation. The plan intends to cut down the tokens released into the market and maintain their value. It means that token holders will not face the problem of diminishing value, which is often prevalent with oversupply. By reducing the additional issuance of tokens, Canto can create a stable platform and increase its viability as a cryptocurrency.

The second proposal, No. 49, aims to reduce liquidity mining rewards, which are incentives given to token holders who provide liquidity to the network. Liquidity mining is a popular feature in many crypto projects that incentivize liquidity providers, and Canto is no different. The proposal seeks to reduce the rewards by 30%. This move aims to balance the benefits of mining and ensure the viability of the project.

The high support for these proposals indicates a significant step towards creating a stable ecosystem for Cosmos and its Canto platform. It demonstrates the company’s commitment to creating a viable cryptocurrency that is efficient and responsive to market changes. The success of the proposals also implies that token holders have confidence in the company’s vision.

The Canto token, therefore, is set to become more valuable and attractive to investors as the overall number of tokens in circulation reduces. The decrease in liquidity mining rewards will also help maintain the stability of the token’s value. These proposals provide a clear pattern for Cosmos and Canto’s future development, emphasizing the importance of maintaining token value and ensuring the longevity of the project.

In conclusion, Cosmos’ Canto Proposal No. 48 and Proposal No. 49 have received massive support, indicating a bold move towards creating a stabilized ecosystem for the project. By reducing the issuance of tokens and liquidity mining rewards, Canto can create a viable and stable cryptocurrency. The success of these proposals spells a bright future for Cosmos and its investors.

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