Burn or invest: Lisk announces date for community vote on 25% of the token supply

Lisk Community Vote Announcement:

• Lisk announces a community vote to decide on the fate of 100 million LSK tokens, representing 25% of the total capped supply.
• The vote will take place on September 24 and run for 7 days until October 1 using Tally on the new Lisk DAO platform.

Voting Options:

• Community members can choose to allocate the tokens to the Lisk DAO Fund or burn them from the total supply.
• Allocating to the DAO Fund will allow for funding initiatives, growth campaigns, and innovative projects over the next decade.
• Burning the tokens will permanently remove 25% of the total LSK token supply.

Context and Background:

• Lisk recently launched its DAO and has refocused on real-world assets in emerging markets.
• The Onchain Foundation will not participate in the vote to ensure a fair decision-making process led by the community.

About Lisk:

• Lisk provides a cost-efficient, fast, and scalable L2 network secured by Ethereum.
• The project aims to democratize blockchain accessibility and solve local problems in Emerging Markets through solutions like real-world assets and off-chain assets.