Reserve Rights (RSR) has announced a proposal to burn approximately 3 billion RSR tokens as part of a supply reduction strategy. This initiative, outlined in the token structure reform RFC-1269, aims to decrease the total supply of RSR tokens significantly.
The proposal also introduces a governance-based veRSR issuance mechanism designed to enhance token holder participation and governance power. By aligning long-term incentives, Reserve Rights seeks to strengthen its on-chain governance framework, ensuring a more robust and participatory ecosystem for its community.
Reserve Rights Proposes Burning 3 Billion RSR Tokens to Reduce Supply
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.
