Burn 50% STON Tokens Purchased Through Treasury Buybacks
This proposal advocates for the permanent burning of 50% of STON tokens previously repurchased by the treasury through buyback operations. The motivation is to remove these tokens from circulation, thereby reducing the total supply, enhancing market confidence, and ensuring greater transparency regarding the token's economics. The process involves identifying the specified tokens, sending them to an unrecoverable burn address, publicly verifying the transaction, and updating all relevant documentation to reflect the reduced supply. While this action would permanently reduce the treasury's flexibility, it aligns with a long-term strategy of scarcity and deflation for the STON ecosystem. This move signals a commitment to hard scarcity over treasury accumulation.
AI-generated summary. Please refer to the full proposal for details.
🗳️ This is the final day of voting on the proposal. Last chance to vote and influence the outcome.
🔗 Vote in DAO (EQAx...t0no)