According to BlockBeats, on August 12, Telegram and TON ecosystem's first social growth tool listed on a centralized exchange (CEX), INVITE, initiated a vote on its official Telegram channel. The proposal aims to burn 50% of its tokens initially, followed by a 5% burn each month until 75% of the tokens are destroyed. This move is designed to introduce a deflationary model to its tokenomics, thereby protecting the interests of $INVITE holders. Currently, the voting is ongoing, with 85% of participants in favor of the proposal.
INVITE utilizes UXLINK as its social infrastructure and boasts a community of over 9 million on-chain users.