MANTRA co-founder JP Mullin has taken to Twitter to seek input from the community regarding the burning of team-held tokens. Mullin’s decision to burn these tokens has garnered significant interest and feedback from both the community and investors. The primary goal behind this initiative is to involve the community in the decision-making process. A Twitter poll has been launched offering four options for the token burn strategy: immediate full burn, yearly extension of vesting, transfer to a community multi-signature wallet, or gradual unlocking over time.
🔥 Why the Token Burn?
The decision to burn team-held tokens aims to increase transparency and align the team’s interests with those of the community and investors. By reducing the token supply, the value of existing tokens may potentially rise, benefiting all token holders.
💬 Community Engagement
The community’s feedback is crucial in determining the most suitable token burn strategy. Engaging with the community ensures that their voices are heard and considered in the decision-making process, fostering a sense of inclusivity and transparency within the project.
📊 What Are the Options?
The four options presented in the Twitter poll offer distinct approaches to the token burn strategy. Each option carries its implications for the project’s tokenomics and the community’s interests.
🚀 Future Implications
The chosen token burn strategy will have lasting effects on the project’s ecosystem and the value of the token. It is essential to carefully weigh the pros and cons of each option before making a final decision.
Join the conversation and share your thoughts on the proposed token burn strategies. Your input can help shape the future of the project!
#Token burn strategy, #Community feedback, #MANTRA tokenomics