When we plan the initial distribution model, we considered it necessary to have high token emission at least at the start, so we created significant staking reserves. But these days, we can see that such an amount of tokens create more risk than potential benefits for the Unit Protocol. There is no need for such reserves anymore, and we would like to focus on keeping value inside Unit Protocol. The team has decided to burn 90% of staking tokens, saving 10% of them for future possible incentive programs. We consider it a significant step that closes the issue of a massive amount of undistributed tokens and adds more safety for token holders. The total value of burned tokens exceeds $100m. Link to the burn transaction:
https://etherscan.io/tx/0xc5dd43ea09d5ff362a8b384c3cb70e3a660509887ff417b2a12c6a12b9d524c2
Post #109
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