TON Token Economics Optimization Proposal
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 verifie…
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”
Interpretation of the news:
The message shared on Twitter by Ton officials on February 27, 2021, is related to the ‘TON Token Economics Optimization Proposal’. According to the tweet, the verification process on this proposal has ended, and more than 75% of the verifiers have voted in favor of temporarily freezing dormant early mining wallets. These wallets were not activated before the end of the voting period and will remain inactive until February 21, 2027. This decision received support from verifiers and the TON community.
As per the announcement, a total of 171 wallets were deactivated that hold TONs worth 1081389417, which is more than 20% of the total supply. This move is expected to provide stability in the market and reduce the chances of any chaotic fluctuations in the network. The message further mentions that network participants can rest assured that these tokens will not be utilized for any form of market chaos for the next 48 months.
The TON community worked on this proposal to optimize the token economics, which is a crucial factor in maintaining the stability of the network. The verification process on this proposal indicates that the TON community is actively engaged in the decision-making process, and the decision of temporarily freezing the early mining wallets received their overwhelming support.
The decision to freeze a considerable portion of TON tokens shows the community’s serious attitude towards the stability of the network. The proposal’s voting process shows how the TON network’s governance model is working effectively, and the community members are dedicated to optimizing the network’s economics.
In conclusion, the message shared by Ton officials on February 27, 2021, indicates that the TON community has passed a proposal to optimize the token economics. The decision to freeze the dormant early mining wallets was overwhelmingly supported by the verifiers and the community members. This move will keep more than 20% of the TON tokens out of circulation, reducing the chances of market turbulence. The voting process on the proposal highlights the effectiveness of the TON network’s governance model, where community members actively participate in crucial decisions.
Key Takeaways: TON community passed a proposal to optimize the token economics; decision to freeze dormant early mining wallets received overwhelming support; this move will reduce the chances of market turbulence; the voting process highlights the effectiveness of the TON network governance model.
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