TON Foundation Proposes Burning 50% of Transaction Fees

The TON Foundation proposed introducing a burn mechanism that would destroy 50% of all transaction fees on the TON network.

If the burn mechanism is implemented, when a user makes a transaction on the network, a portion of those tokens would be burned, with the remaining going to the validator as usual. The validator will also continue to receive staking rewards for helping to run the network.

This is a similar strategy to Ethereum’s EIP-1559 upgrade, which burn the base fee and bringing deflationary pressure to the network.

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