TON Proposes Optimizing Economics of TON Tokens

02/15/2023 18:18 • AI & Tech Insights • 195 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

Interpretation of the news:

The TON team has proposed a new plan to optimize the economics of TON tokens through community consensus, as released on Ton.vote. This proposal seeks to address the issue of inactive wallets that have never been activated and have no outgoing transfers in their historical records. It is suspected that these wallets may have lost access rights, creating uncertainty for network participants. The solution proposed by TON is to temporarily freeze these inactive wallets for 48 months and recycle their supply of TON tokens.

The community has been given a week-long voting period, from February 14th to February 21st, to express their views on the proposal. This will be followed by an online voting period from February 21st to February 24th, where verifiers use their pledged TON to cast their votes. Once the voting period has ended, the TON team hopes to have a clear consensus on how to manage inactive wallets and optimize the TON token economics.

This proposal highlights the importance of community participation in decision-making processes for the TON network. The TON team understands that the value of the network depends on its many participants, and thus is seeking their input on this important matter. By recycling unused tokens and freezing inactive wallets, the network can maintain a healthy and sustainable supply of tokens that benefits all participants.

The message also reveals the TON team’s commitment to promoting transparency within the network. By addressing the issue of inactive wallets, the TON team is showing its willingness to engage with community concerns and take proactive measures to address them. This creates a more open and trustworthy environment for all network participants.

Overall, the TON team’s proposal to optimize the economics of TON tokens through community consensus highlights the value of collaboration and transparency in blockchain networks. The proposal serves to benefit all participants by creating a healthy and sustainable supply of tokens that reflects the perspectives and interests of the network’s many stakeholders.

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TON Proposes Optimizing 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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