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Cosmos Canto Public Chain Cuts Token Issuance and Liquidity Mining Rewards

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On February 23, according to the governance page, recently, the Cosmos ecological public chain Canto\’s Proposal No. 48 on reducing the additional issuance of 3…

Cosmos Canto Public Chain Cuts Token Issuance and Liquidity Mining Rewards

On February 23, according to the governance page, recently, the Cosmos ecological public chain Canto’s Proposal No. 48 on reducing the additional issuance of 30% CANTO tokens and the Proposal No. 49 on reducing the liquidity mining reward were voted by 99.99%.

Canto’s two proposals to reduce the additional issuance of CANTO tokens by 30% and the liquidity mining incentive have been voted through

Interpretation of the news:


On February 23, the Cosmos ecological public chain Canto implemented Proposal No. 48 and No. 49, which were overwhelmingly voted in favor of by the community, receiving a 99.99% approval rating. The proposals aim to reduce the additional issuance of Canto tokens by 30% and decrease liquidity mining rewards.

The governance mechanism of the Canto public chain assigns voting rights to holders of Canto tokens. This means that important decisions regarding the development of the Canto public chain are made democratically by the community. Proposal No. 48 attempts to address inflationary pressures within the ecosystem by reducing the additional issuance of Canto tokens by 30%. This move will help to stabilize the token’s value in the long run, as it reduces the supply of tokens.

Proposal No. 49, on the other hand, seeks to adjust liquidity mining rewards. Liquidity mining is an incentivization mechanism that offers users rewards for providing liquidity to decentralized exchanges on the Canto public chain. The proposal aims to address the high rate of rewards by reducing them, thereby achieving stability within the ecosystem.

The overwhelming voter participation is a testament to the dedication and commitment of the Canto community to ensure the sustainability of the project. The governance system has allowed each vote to count, and it demonstrates the importance of community involvement in blockchain projects. The Canto public chain is becoming a model for other blockchain projects to follow, with its emphasis on community governance and decision-making.

In conclusion, the Canto public chain’s proposals to reduce token issuance and liquidity mining rewards have gained significant voter support from the community. This move is a positive step towards ensuring the long-term stability of the Canto ecosystem. Blockchain projects like Canto serve as critical points of innovation for the larger blockchain industry, and we can expect more blockchain projects to adopt similar community-driven governance models in the future.

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