Lisk launches community vote to destroy or allocate 100 million LSK tokens to DAO fund

BlockBeats reported that on June 27, the blockchain application platform Lisk launched a vote to "keep or destroy 100 million LSK tokens" (25% of the total upper limit of 400 million). The vote is scheduled to take place on the new Lisk DAO on September 24 and will last for 7 days until October 1.

If the community chooses to allocate to the DAO fund, the tokens will belong to the fund from 2027 to 2033, with 15 million LSK tokens distributed annually for six years and 10 million in the seventh year. If the community chooses to destroy, 100 million LSK tokens will be permanently removed from the total supply.