Treasure Proposes Minting Up to 173 Million MAGIC

Shenchao TechFlow reported on November 5 that, according to a proposal on the Treasure governance forum, TIP-63 proposes launching the Treasure DePIN network and establishing a strategic growth fund of up to 173 million MAGIC, with the new supply equivalent to approximately 50% of the existing maximum supply.

The proposal plans to mint an initial 100 million MAGIC on February 3, 2027, with the remaining 73 million tied to milestones such as network operations, usage, staking, and revenue. It also proposes additional inflation for network staking rewards, with the target annual inflation rate gradually decreasing from 5% in the first year to 2.5% from the fourth year onward.

The proposal's discussion period runs from November 4 to 18, with voting scheduled from November 18 to December 2. The network is expected to launch on March 3, 2027.

Source: Shenchao TechFlow