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The TON Foundation proposed a deflationary mechanism that would burn 50% of validator rewards. The Block reports this.
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the Ethereum strategy EIP-1559, which led to a reduction in inflation in the network. For TON, this initiative is likely less effective due to low transaction fees.
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“In the short term, the deflationary impact may seem modest and is estimated at about 350-400 Toncoin per day, given the daily emission rate of 71,000 coins,” said Kirill Emelyanenko, lead developer at TON Foundation.
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According to him, as the network grows this number could “increase significantly,” leading to a noticeable reduction in inflation of both the total and circulating supply of Toncoin.
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Emelyanenko added that the volume of burned tokens may differ from the proposed 50% depending on the decision of the blockchain validators community.
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In December 2021, Pavel Durov publicly backed the Toncoin team. The project\’s token rose by 46%.
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In autumn 2022, on the Fragment platform the sale of usernames Telegram for Toncoin began. Later the messenger opened the possibility to register anonymous accounts using numbers based on the blockchain.
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In February 2023, the network developers presented a roadmap for 12 months.
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In May, TON established an investment fund of $250 million to finance DeFi projects in the blockchain ecosystem.
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