Akash Network has introduced a governance proposal to implement a Burn Mint Equilibrium (BME) model aimed at enhancing the value of its native token, AKT. The proposed model seeks to reduce the circulating supply of AKT by burning tokens equivalent to the U.S. dollar value of fees collected from network users. This deflationary mechanism is designed to increase the token's scarcity and potentially its value.
The proposal is now open for community discussion and will be put to a vote by AKT holders. If approved, the BME model could significantly impact the tokenomics of AKT, aligning with the network's goals of creating a more valuable and sustainable ecosystem.
Akash Network Proposes Burn Mint Equilibrium to Boost AKT Value
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.