Propchain Executes Latest DAO Proposal, Successfully Reducing $PROPC Supply to Advance Token Integration
Dubai, United Arab Emirates, 9th Sep 2024 – Last week, Propchain announced the successful execution of its third proposal within the Propchain DAO, marking a significant milestone in its efforts to enhance the long-term value and sustainability of the $PROPC token ecosystem. The recently completed proposal focused on a strategic token burn initiative, reinforcing Propchain’s commitment to community engagement and economic prudence.
The initiative aimed to reinforce the economic foundation of the $PROPC token by reducing the total supply by approximately 25%, from 85 million to 64 million tokens. The token burn specifically targeted vested tokens, ensuring that unvested tokens remained unaffected. This approach was designed to decrease the monthly unvested token amount, effectively lowerin...