🔥TON burning mechanism

TON Community has proposed a mechanism to burn 50% of all transaction fees, similar to the EIP-1559 update on Ethereum.

“Even though the initial impact seems small at first, estimated at about 350-400 TON per day, the effect will increase significantly over time, leading to noticeable deflation,” commented Kirill Emelianenko, Technical Director of TON.

Discussions are currently underway, and the proposal must be approved by a majority of TON validators in order to be implemented.

If both the validators and the community are on board with this mechanism, part of the tokens will be burned during transactions, and the remaining commission will go to the validator as usual.

Your deflationary @DeepTonEng