Exciting News from Polkadot (DOT) Network
Polkadot is exploring a groundbreaking proposal to boost DOT token value.
The "Burn Coretime Revenue" RFC suggests burning revenues from unsold Coretime on the network, adding a deflationary element to counter token inflation.
How does it work? Coretime is the basic unit for transactions on Polkadot. By burning these revenues, it could help DOT holders collectively and keep inflation in check.
The proposal makes a strong case for clarity in the Coretime market and aligning network incentives.
The response? Positive! Community members see the potential for meaningful deflationary pressure on DOT. Even if initial revenues are low, it could change the game.
Stay tuned as the proposal is still under discussion. Could Polkadot follow Ethereum's deflationary path? The coming months will reveal the future
Exciting times for DOT holders. #DOT #crypto2023 #DeFiChallenge #cryptocurrency #BTC