Proposing the suspension of inactive addresses in the TON network; What is its effect on the TON toconomy?

تعلیق آدرس‌های غیرفعال در شبکه تون

TON network validators are considering a proposal that, if passed, would make over 1 billion Toncoins worth $2.5 billion untradeable for the next 4 years. TON’s total market cap at the time of writing is $2.8 billion.

According to Blockchain Homeland and quoted by The Block, validators of The Open Network (or TON for short) are considering a proposal that would suspend TON’s proof of stake if 195 inactive addresses on the blockchain are approved. The vote on this proposal is scheduled for February 21 (March 2) to begin These addresses currently hold just over 1 billion Toncoins, which is about 21.3% of the total supply of this coin (5 billion). This volume of Toncoin is worth about 2.5 billion dollars according to the current price of TON.

To approve this proposal, at least 75% of validators must participate in several voting rounds. If approved, the proposed suspension will last for four years and suspended addresses will not be able to conduct any transactions during this period. “suspension list” It is visible on the public blockchain.

This proposal, if approved, would have a significant impact on the TON token economy, as it would make about 21.3% of its total supply (5 billion) and more than 80% of its circulating supply (1.2 billion) non-removable for the next 4 years. And as a result, it makes it unsaleable.

Addresses that participated in the initial TON distribution phase between July 2020 and June 2022 (July 2019 to June 1401), but did not make any outgoing transactions after that, are considered inactive. In December, the TON community asked the owners of these addresses to show their continued activity by making a transaction on TON. Inactive addresses can avoid possible suspension by making a transaction anytime before the end of voting. It is important to note that addresses that are not part of the primary distribution will not be affected by this policy.

TON was originally designed in 2018 by the founders of Telegram Messenger, and further development was entrusted to the TON community. In the early days of 2023, TON launched a decentralized file sharing and data storage solution called TON Storage, which is similar to projects like Filecoin and Storj.


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