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Hyper governance vote confirmation: Aid Fund HYPE Token has been destroyed, 85% rights support.
[Bit推] Hyper ecosystem has made significant progress. According to official disclosure, the HYPE tokens in the aid fund system wallet address (0xfefefefefefefefefefefefefefefefefefefefe) have been officially destroyed. This destruction was determined through on-chain governance voting - the consensus among holders is quite clear: 85% of the voting rights support the destruction plan, 7% oppose it, and 8% chose to abstain. The entire process is based on a stake-weighted mechanism, reflecting the characteristics of distributed decision-making. Such token burning initiatives typically have an impact on the project's inflation expectations and long-term tokenomics.
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Another burn, inflation pressure can ease, but at this rate, the coin price still depends on subsequent ecological development
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Can the weighted voting system really represent the community's will? The large investors have the final say
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Not bad, at least there are no behind-the-scenes operations, on-chain voting is more transparent than traditional methods, as long as it’s not manipulated by whales
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This wave of burning operations is quite standard, it just depends on whether there will be real applications to follow up
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How to interpret the 7% opposition, I always feel like they see something we don't
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Tokenomics in the long term still relies on actual use for support, simply burning coins is just a temporary fix.
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Destruction is one thing, but the key still lies in how the ecosystem develops; just burning coins won't save the project.
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It's all about destruction and governance voting... the old routine, can we have something tangible?
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Wait, the aid fund is directly destroyed? Feels like something's missing; shouldn't there be a sequel?
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Those who vote for weight have agreed, so it's basically set in stone, that's the good thing about distributed decision-making.
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Ngl, this destruction effort is still a bit intense, the inflation expectations need to be recalculated.
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Anyway, I believe in this consensus, 85% can't be wrong.
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After the destruction, then what? The price has to go up to count, everyone.
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The design of the weighted voting mechanism is still acceptable; it's not the one-person-one-vote approach.
But we still need to see if there is really Favourable Information afterwards, let's not have it be just a prelude to Be Played for Suckers
Burning is one thing, the key is whether the ecosystem can get up and running.
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Is the burn completed? Can we finally breathe a sigh of relief from inflation pressure? How do we see the trend moving forward?
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It's all about voting rights and decentralized decision-making, sounds pretty democratic, but I'm just afraid that in the end, it's still the large investors who call the shots.
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Tokenomics is going to be repriced again, is this wave favourable or unfavourable for the holders?
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8% abstention is indeed a bit much, what are these people thinking?
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On-chain burning is becoming more and more common, can it really make a difference or is it just a numbers game?
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Hyper is making quite a few moves, I just hope they can hold on until the bull run.
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A support rate of 85% is indeed high, but if the price doesn't rise after the burn, I will just laugh.