[Chain Text] Big moves are coming for Ontology Mainnet! The v3.0.0 version will officially launch soon, all friends running nodes should note - the deadline is 8 AM on December 3rd (Beijing time), and you must upgrade to the new version, otherwise the service may go offline.
The key point is here: The supply of ONG is going to change significantly. It is expected that around December 15, when the block height reaches 19.5 million at this node, the maximum supply and total supply of ONG will be directly cut from 1 billion to 800 million. How will it be cut? By directly burning 200 million tokens. The circulating supply will remain unchanged in the short term, but in the long term, due to a permanent locking mechanism in place, the actual circulating limit may ultimately stop at 750 million.
Time is tight and the tasks are heavy; node operators shouldn't wait until the last minute to take action.
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consensus_failure
· 2h ago
Wait, directly burning 200 million? This pace is a bit intense, is the inflation pressure this high?
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LuckyBlindCat
· 2h ago
Burn 200 million pieces? Is this wave trying to dump or pump, I'm a bit confused.
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ForkTongue
· 2h ago
Deflation is here again, and this time it's a real axe.
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TommyTeacher
· 2h ago
Another dumping is coming, directly burning 200 million? This pace is a bit fierce.
Ontology Mainnet v3.0.0 is about to launch, and the supply of ONG will be reduced from 1 billion to 800 million.
[Chain Text] Big moves are coming for Ontology Mainnet! The v3.0.0 version will officially launch soon, all friends running nodes should note - the deadline is 8 AM on December 3rd (Beijing time), and you must upgrade to the new version, otherwise the service may go offline.
The key point is here: The supply of ONG is going to change significantly. It is expected that around December 15, when the block height reaches 19.5 million at this node, the maximum supply and total supply of ONG will be directly cut from 1 billion to 800 million. How will it be cut? By directly burning 200 million tokens. The circulating supply will remain unchanged in the short term, but in the long term, due to a permanent locking mechanism in place, the actual circulating limit may ultimately stop at 750 million.
Time is tight and the tasks are heavy; node operators shouldn't wait until the last minute to take action.