IOV circulation
Starname vesting tokens unlocks
Starname community tokens unlocks
Unlocking of IOV tokens from community pool
Reduce the circulating supply of tokens by sending them to address 0x000...000 (star1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqjewks3) where they can't be spent or delegated. Tokens in account star1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqjewks3 will be burned when the chain is upgraded to cosmos-sdk 0.4x.x (Stargate).
Reduce the circulating supply of tokens by sending them to blackhole\*iov (star1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqjewks3) where they can't be spent or delegated. Tokens in account blackhole\*iov will be burned when the chain is upgraded to cosmos-sdk 0.4x.x (Stargate).
Reduce the circulating supply of tokens by sending them to blackhole\*iov (star1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqjewks3) where they can't be spent or delegated. Tokens in account blackhole\*iov will be burned when the chain is upgraded to cosmos-sdk 0.4x.x (Stargate).
Reduce the circulating supply of tokens by sending them to blackhole\*iov (star1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqjewks3) where they can't be spent or delegated. Tokens in account blackhole\*iov will be burned when the chain is upgraded to cosmos-sdk 0.4x.x (Stargate).
Why Does IOV Need To Modernize Its Tokenomics?
At inception, IOV SAS focused on blockchain innovation including developing the Weave SDK, IOV Core (now rolled into CosmJS), and even CosmWasm. The focus on innovation required significant allocations in the ICO token distribution for research and development, grants, tech incentives, bounties, and the like. In February, when Karim Ganem became CEO, IOV SAS pivoted to a business focus built on Starnames, which made the tokens earmarked for blockchain innovation difficult to justify. Hence the need to modernize.
Vote yes to burn the tokens.
Full description here: https://medium.com/iov-internet-of-values