TON validators to vote on freezing 194 wallets holding $2.5 billion in Toncoin

On February 21, TON validators will vote to suspend the operation of 194 wallets with a total balance of 1.08 billion Toncoin ($2.5 billion) that have not conducted any transactions since the distribution of coins from 2020 to 2022.

In December the community urged their holders to engage with the network. Until the vote, this option will remain available to exclude them from the list.

1.08 billion Toncoin, equivalent to 21.3% of the total supply of the crypto asset.

The procedure will not cover addresses that did not participate in the initial coin distribution.

“By suspending the operation of these wallets, there will be clarity regarding the amount of Toncoin available,” the project blog states.

Implementation would require the participation of 75% of validators across multiple voting rounds.

If approved, the proposed suspension would be in effect for four years. The ‘frozen’ addresses would be unable to transact during this period.

In early November on the Fragment platform the sale of Telegram usernames for Toncoin began.

On 7 December the messenger opened the ability to register anonymous accounts using blockchain-based numbers.

Earlier, Telegram founder Pavel Durov announced development by the messenger’s DEX team and non-custodial wallets on the Toncoin blockchain.

Back in December 2021, Durov publicly supported the project’s developers.

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