He played a leading role in the founding of Telegram as a result of the community vote, which was completed on February 22. The Open Network (TON) Blockchaindecided to freeze inactive tokens.
According to the decision, the wallets of miners who are inactive for a long time will be suspended for 4 years. As a result of voting, approximately 1 billion units TON coin (20% of current supply) is frozen. The approximate market value of inactive TON coins is $2.60 billion.
💎 TON’s tokenomics optimization
On Feb. 21, ten @ton_blockchain the validators will vote on a proposal to optimize tokenomics. If the proposal is accepted, the circulating supply of Toncoin will be reduced by ~20% by freezing it for the next 48 months and then unfreezing it. pic.twitter.com/MXwWjt7YAZ
— Tonstarter (@ton_starter) February 20, 2023
The TON Foundation, to which The Open Network developers are united, requested miners to make a transaction on the network on December 17, 2022. Only 24 of the 195 addresses expected to be active since the announcement took place.
TON coin distribution started in July 2020. Project developers allocated 98.50% of the total supply to mining. The Open Network, thanks to a custom smart contract strategy Proof-of-Work And Proof-of-Stake combined the advantages of the system.
TON Price
TON, the native token of the Telegram-supported The Open Network project, FTX collected quickly after its collapse.
TON coin surprised all investors by winking at $3 in December. However, it did not benefit as much from the crypto rally at the beginning of 2023 as other altcoins.
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