TON verifiers will vote to “freeze 1 billion Toncoin of inactive miners” to achieve decentralization

It is reported that TON verifiers are preparing to vote on a proposal to change the economics and supply of tokens for the project. If the vote is passed, the supply of Toncin will be reduced by about 20% by “freezing for 48 months and then unfreezing”. These frozen Toncin will be about 1 billion, from the accounts of inactive Ton miners. The TON team said that the proposal might affect the market value of Toncoin, aiming to increase the decentralization of the network by reducing the control of whale wallets.

Interpretation of this information:

The TON network is preparing for a proposal that may change the economics and supply of its tokens. The verifiers will vote to reduce the supply of Toncoin by about 20% by freezing 1 billion Toncin for 48 months, which will come from the accounts of inactive miners. The main goal of this proposal is to increase the decentralization of the network by reducing the control of whale wallets. The TON team acknowledges that this proposal may affect the market value of Toncoin.

The TON team’s decision to reduce the supply of Toncin by freezing inactive miners’ accounts by 1 billion is aimed at achieving more decentralization of the network. This move will help minimize the control of whale wallets on the network’s economy. Whale wallets generally represent a significant number of cryptocurrency holders who hold a substantial amount of a particular coin.

The TON team is making cointelegraph.com believe that the proposed freeze will remove a lot of Toncoins from circulation, reducing the token’s availability to whale wallets, and help stakeholder decentralization. The remaining Toncoin will be more widely distributed among stakeholders and increase the coin’s decentralization. This is beneficial to the TON network because a few whale wallets holding a large amount of the coin could manipulate the economy, leading to a centralization of the supply and control of Toncoins.

However, this plan could negatively impact the market value of Toncoin. With a reduced supply, the cost of each Token might increase. For users who trade or hold Toncoin as part of their investment portfolio, this can be a risky venture. Reducing the supply could also cause a decrease in demand, ultimately driving down the market value of the coin.

In conclusion, the TON network’s proposed change to the economics and supply of tokens is mainly geared towards decentralizing the network; however, it might affect the token’s market value. The three keywords that summarize this article are TON network, whale wallets, and decentralization.