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TON Proposes Plan to Optimize Economics of TON Tokens

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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 recyclin…

TON Proposes Plan to Optimize Economics of TON Tokens

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

Interpret the above information:


On February 15, the TON released a proposal on optimizing the economics of TON tokens on Ton.vote. The proposal aims to achieve community consensus on the recycling supply of TON tokens, and temporarily freeze inactive mining wallets for 48 months. This proposal is crucial to ensure the sustainability and stability of the TON network.

The proposal focuses on the recycling of TON tokens, which refers to the process of re-issuing TON tokens that have been lost or destroyed. This is especially important in the case of TON tokens, as they have a limited supply. Recycling these tokens will increase the available supply, thus benefitting the ecosystem in the long run. The community is being asked to participate in the voting process to reach a consensus on the recycling of TON tokens.

Moreover, under the current proposal, inactive mining wallets will be frozen for 48 months. These are wallets that have never been activated and have no outgoing transfers in their historical records. There are concerns that the access rights to these inactive wallets may have been lost, which can create uncertainty for network participants. Freezing these wallets temporarily will prevent any potential damage that may be caused by these wallets if they were to be activated in the future.

The voting process will take place in two stages. The first stage is community voting, which will take place from February 14 to February 21. This stage will allow all TON token holders to cast their vote on the recycling of tokens and the freezing of inactive mining wallets, among other things. The second stage is the online voting, wherein the verifier will use the pledged TON to vote. This stage will take place from February 21 to February 24.

In conclusion, TON’s proposal to optimize the economics of TON tokens is a crucial step in ensuring the sustainability of the TON network. The recycling of tokens and the freezing of inactive wallets will increase the available supply of tokens and prevent potential damage caused by inactive wallets. The community’s participation in the voting process is essential to reaching a consensus on these crucial decisions.

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