TON validators will vote to "freeze 1 billion Toncoins of inactive miners" to achieve decentralization

ChainCatcher news, TON validators are preparing to vote on a proposal that changes the project's tokenomics and supply. If the vote passes, it will reduce the supply of Toncoin by about 20% through a "freeze for 48 months and then unfreeze" method, with approximately 1 billion frozen Toncoin coming from inactive TON miner accounts.

The TON team stated that this proposal could impact the market value of Toncoin, aiming to increase the decentralization of the network by reducing the control of whale wallets.

It is reported that TON is a fully decentralized Layer 1 blockchain designed by Telegram, with a total supply of 5 billion TON tokens, of which 1.47 billion TON are currently in circulation. TON network validators need to hold more than 300,000 TON (worth about $700,000). (source link)