TON Token Economics Optimization Proposal Passes with Over 75% Support from Verifiers and Community

02/27/2023 05:39 • Tech Ticker • 157 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”

Interpret the above information:

The Telegram Open Network (TON) official announced on February 27th that the vote on the TON Token Economics Optimization Proposal had ended, and 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 and will remain inactive until February 21, 2027. The decision was supported by the verifiers and the TON community.

A total of 171 wallets were deactivated, with a balance of 1081389417 TONs, which accounts for more than 20% of the total supply. This move is aimed at preventing market turbulence and avoiding any form of market chaos that may occur due to these tokens’ untimely activation. Network participants have been given the assurance that these tokens will not be used for market manipulation or causing disruptions for the next 48 months.

The TON Token Economics Optimization Proposal focuses on optimizing the TON token’s economic model to ensure that it meets the needs of the Telegram community. It is a critical step towards the successful launch of the TON blockchain, which promises to provide high-speed transactions and robust security features. The proposal has been under discussion since September 2019, with a significant number of validators, developers, and community members contributing their suggestions and opinions.

The decision to freeze these dormant early mining wallets has been welcomed by the TON community, as it ensures a stable market and promotes transparency in the network’s operation. It is also a testament to the community’s commitment to building a robust and secure blockchain network that inspires trust in network participants.

In conclusion, the TON Token Economics Optimization Proposal has passed with overwhelming support from verifiers and the community. The move to freeze dormant early mining wallets is a crucial step towards ensuring a stable market and preventing any market chaos. It is a positive development that showcases the TON community’s commitment to building a secure and transparent blockchain network.

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