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TonUP will burn team and advisor shares of Token, accounting for 13% of the total supply, and will initiate a DAO Token burning proposal.
Foresight News reported that TonUP, the TON ecosystem Launchpad platform, released a letter to the community from the founder and announced the permanent destruction of 13 million UP Tokens, which corresponds to 13% of the total supply, including all team and advisor shares. In addition, TonUP also announced a proposal to destroy DAO share Tokens, which will start a 3-day voting period tomorrow, allowing the community to decide whether to destroy 30% of the Tokens.