TON Blockchain announced that it has frozen $2.6 billion worth of inactive tokens.
Inactive miner wallets on TON Blockchain have been suspended for 4 years if they are inactive without any action. The company shared the announcement on Twitter.
TON Blockchain Freezes Inactive Tokens by Voting
According to the results of a community vote held on February 22, users and validators of The Open Network (TON), a Layer-1 Blockchain formerly created by Telegram, have their wallets suspended for four years if miners are inactive and remain inactive. voted to take it.
The result from the voting resulted in the suspension of 1,081,389,416 Toncoins. This corresponds to approximately 2.6 million dollars.
https://twitter.com/ton_starter/status/1627793945785761792
The company made the following statement on Twitter:
“On February 21, Ton Blockchain validators will vote on a proposal to optimize tokenomics. If the proposal is accepted, the circulating supply of Toncoins will be reduced by approximately 20 percent by freezing and then thawing over the next 48 months.”
In the voting that took place the next day of this post, the decision was to freeze. Miners’ accounts will be frozen if the conditions are right.
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