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TON Verifiers to Vote on Token Supply Change Proposal

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It is reported that TON verifiers are preparing to vote on a proposal to change the economics and supply of tokens for the project. If the vote is passed, the …

TON Verifiers to Vote on Token Supply Change Proposal

It is reported that TON verifiers are preparing to vote on a proposal to change the economics and supply of tokens for the project. If the vote is passed, the supply of Toncin will be reduced by about 20% by “freezing for 48 months and then unfreezing”. These frozen Toncin will be about 1 billion, from the accounts of inactive Ton miners. The TON team said that the proposal might affect the market value of Toncoin, aiming to increase the decentralization of the network by reducing the control of whale wallets.

TON verifiers will vote to “freeze 1 billion Toncoin of inactive miners” to achieve decentralization

Interpretation of the news:


The TON (Telegram Open Network) team has proposed a significant change to the economics and supply of TON tokens, and TON verifiers are preparing to vote on the proposal. The proposed change will reduce the supply of Toncin by about 20% through a process of freezing and unfreezing. Specifically, around 1 billion Toncin tokens will be frozen for 48 months, taken from the accounts of inactive Ton miners.

The TON team believes that this proposal will help to increase the decentralization of the network by reducing the control of whale wallets. “Whale wallets” are accounts that hold large amounts of tokens and can significantly influence the market value of the asset. By freezing a portion of the token supply and reducing the availability of these inactive tokens, the TON team hopes to reduce the influence of whale wallets and increase the overall fairness and decentralization of the network.

However, it should be noted that the TON team has acknowledged that this proposal may affect the market value of Toncoin. Investors should be aware that changes in token supply can have significant impacts on market prices. The reduction in toncin supply will result in a lower number of tokens available, which may lead to an increase in demand and overall market value. However, in the complex world of cryptocurrency markets, the effects of token supply changes can be difficult to predict.

Overall, this proposal represents a significant change to the economics and supply of TON tokens. If passed, it will result in a reduction in toncin supply and the freezing of a substantial number of inactive tokens. While the TON team believes that this change will increase the decentralization of the network, investors should be aware of the potential impact on market prices.

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