20.06.2025 10:12
Lisk, a prominent cryptocurrency platform, is set to hold a crucial vote on July 1st. This vote will determine whether 100 million LSK tokens, a substantial portion of the DAO treasury, will be permanently destroyed.
The proposed token burn represents a significant move, amounting to 25% of LSK's total circulating supply. This action, if approved, would likely have a considerable impact on the token's value and market dynamics. The implications for Lisk's future are substantial, and the outcome of this vote is eagerly awaited by investors and community members alike.
This decision stems from the governance model within Lisk's decentralized autonomous organization (DAO). The DAO treasury holds a significant number of LSK tokens, and the proposed burn aims to reduce this supply and potentially increase the value of the remaining tokens. Information regarding the rationale behind this proposal is available through official Lisk channels and other sources on the internet.
