The stablecoin ecosystem Reserve Rights (RSR) has published a comprehensive reform proposal (RFC-1269) aimed at fundamentally changing the token economy.
The proposal involves burning approximately 30 billion RSR tokens, reducing the total supply, and implementing the veRSR mechanism, a community-driven governance model.
According to the reform package announced by the project, the current RSR structure causes both a misleading inflation in metrics and leads to excessive centralization of control. The team’s assessment is that the surplus token supply distorts the valuation outlook, while off-chain governance processes weaken community participation and make it difficult to attract external talent.
30 billion RSR tokens are worth $88 million at the time of writing. The total market capitalization of RSR is approximately $183 million.
The new proposal introduces a veRSR-based tail-emission model, transparent treasury accounting, and a new governance framework that will enhance incentive compliance. The aim is to broaden community control, make value creation verifiable, and give token holders greater say.
If the proposal is implemented, the goal is to permanently incinerate approximately 30 billion RSR that is currently unused in the ecosystem, re-engaging the community and transforming the monetary structure of RSR into a more sustainable, transparent, and community-owned model.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/binance-listed-altcoin-submits-proposal-aiming-to-burn-nearly-half-of-its-token-supply/
