TON Token Economics Optimization Proposal Passed to Temporarily Freeze Dormant Early Mining Wallets

02/27/2023 05:39 • Metaverse & Beyond • 78 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”

Interpretation of the news:

A recent announcement by Ton officials on Twitter reveals that the majority of verifiers voted in favor of temporarily freezing the dormant early mining wallets. This means that addresses that were not activated before the end of the voting period will not be activated until February 21, 2027, with the support of both verifiers and the TON community. A total of 171 wallets were deactivated, and they had a balance of 1081389417 TONs, which is more than 20% of the total TON supply.

This decision is significant for several reasons. First, it will help to prevent any market turbulence or chaos that could result from the sudden activation of these tokens. By temporarily freezing them, the TON network participants can rest assured that their cryptocurrency will remain stable for the next 48 months. Additionally, this move will help to optimize the TON token economics by reducing the number of TONs that are in circulation, which could potentially lead to an increase in their value.

The decision to freeze dormant early mining wallets also highlights the importance of community participation in the TON network. By voting in favor of this proposal, the TON community has demonstrated its commitment to the stability and growth of the network. This decision gives users peace of mind and provides a stable environment for TON token holders to operate.

Furthermore, this move could have a broader impact on the cryptocurrency market as a whole. As more networks recognize the importance of community participation and transparency, we may see similar measures implemented in other decentralized platforms to ensure stability and long-term growth.

In conclusion, the temporary freezing of the dormant early mining wallets means that the TON network is taking proactive steps to maintain stability and optimize its token economics. The decision demonstrates the importance of community involvement in the TON network and could have broader implications for the cryptocurrency market as a whole.

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