TON Token Economics Optimization Proposal: Verifiers Vote to Temporarily Freeze Dormant Early Mining Wallets

02/27/2023 05:39 • Metaverse Matters • 81 views

On February 27th, Ton official said on Twitter: “The verifier’s vote on the ‘TON Token Economics Optimization Proposal’ has ended. More than 75% of the verifiers voted in favor of temporarily freezing dormant early mining wallets – these addresses were not activated before the end of the voting period. They will not be activated until February 21, 2027. This decision was supported by the verifiers and the TON community. 171 wallets were deactivated, with a balance of 1081389417 TONs (more than 20% of the total supply). In the next 48 months, network participants can rest assured that these tokens will not cause market turbulence or be used for any form of market chaos. “

TON verifiers voted to pass the proposal on “freezing 1 billion Toncoin in inactive mining wallets”

Analysis based on this information:

On February 27th, there was a landmark decision made by the Ton official, stating that over 75% of the verifiers voted in favor of temporarily freezing dormant early mining wallets. This means that the addresses that were not activated before the end of the voting period will be deactivated until February 21, 2027. This decision was supported by the verifiers and the TON community, it was done with the aim to optimize the TON token economics.

The decision to freeze 171 wallets, containing a whopping balance of 1081389417 TONs (more than 20% of the total supply), was made to prevent these dormant tokens from causing market turbulence. This will also ensure that these tokens are not utilized for any form of market chaos in the next 48 months. This decision was made to further strengthen TON’s token economics, by ensuring that dormant assets do not cause a negative impact on TON’s ecosystem.

The TON community should see this as a significant step to ensuring the stability of the token’s market value. This will ensure that the market is not flooded with excess tokens or that the tokens are used for malicious purposes. The freezing of these tokens will also ensure that there is a balance between token circulation and the demand for the token. In turn, this should lead to a stable TON token market, as well as an increase in TON’s adoption by investors.

In conclusion, this decision made by the TON official was a significant one for the TON community, as it will help optimize TON token economics. The decision to freeze 171 wallets containing over 1081389417 TONs was done with the aim of preventing market turbulence and any form of market chaos. It will also help to strengthen the stability of the TON token, as well as promote its adoption by investors.

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