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BURN DOT
Can someone please make a proposal for DOT to do a massive burn! We need to do a massive burn like TRON did aka TRX. Burn a good amount of supply away will help ~ deflation long term. Also the Burn must be pushed via DOT ~ X and etc socials. Dot has staking but has been abused by whales & early investors etc. We need a burn to compensate & Top holders + whales with huge bags should be willing to burn as this inturn will reflect in price and their bags. All holders even just take a amount less for small holders but whales more as it will even out. This is a critical step for the revival of DOT if we want to make a new ATH again this must be done!
1% of POlKADOT'S 1.6 billion DOT SUPPLY = 1.6 Billion X 0.01 = 16 million Dot.
Dot can do this in 2 ways ~ 1) burn 16 million at one time this will definitely make news and impact price the same sec it happens. 2) Burn the 1% of supply gradually would correspond to the existing deflationary model ~ 37 Burns which could take years I don't agree with this. I feel if they did 5 burns total in a year or 2 year period would be good.
Will only help the project and brings major attention + more security/integrity for new holders + all who have invested. If dot can do a burn like this as TRX did will be big.
Comments (3)
IF DOT DOES A BURN LIKE TRX DID IT WILL EXACTLY BE THIS MUCH: 1% of POlKADOT'S 1.6 billion DOT SUPPLY = 1.6 Billion X 0.01 = 16 million Dot.
1% of the supply is not asking much if all holders contribute in the burn some how.
This no doubt will make crypto news and will be a mile stone for DOT
It will be very telling to see how Gavin and the Web3 Foundation navigate the growing concerns around tokenomics and centralization.
What many in the community may not realize is that the Web3 Foundation—effectively controlled by Gavin—holds an estimated 640 million DOT, which represents roughly 40% of the total supply. At a modest price of $5 per DOT, the staking rewards from this position alone equate to over $1 million per day.
This raises a serious question: Is there any real incentive for them to decentralize or adjust the current system? The sheer scale of financial control is likely one reason why discussions around price dynamics and token distribution are often shut down or discouraged in official channels.
The original promise of decentralization seems at odds with these outcomes. It's important that the community continues to scrutinize how such concentrated control aligns with the broader goals of a truly open ecosystem.
EDIT – How the 40% estimate is derived:
This equates to ~40% of the current total supply, a conservative estimate