In a strategic move to bolster the value of ICP tokens, the Mission 70 proposal aims to enhance both supply-side adjustments and demand growth. The publication provides the following information: this initiative is set to reshape the landscape of the Internet Computer ecosystem by focusing on increased token utilization and network activity.
Increase in Demand for ICP Tokens
The Mission 70 proposal anticipates a remarkable 26% increase in demand for ICP tokens, fueled by advancements in AI tooling, greater enterprise adoption, and an expanded use of on-chain computing. This growth is expected to drive a more robust ecosystem, attracting new users and applications.
Emphasis on Network's Cycle Burn Rate
A critical aspect of the proposal is the emphasis on the network's cycle burn rate, which is projected to rise significantly. This increase is indicative of a higher real usage of applications and services on the network, suggesting a vibrant and active community.
Token Burn Strategy
Furthermore, the plan includes a mechanism to allocate 20% of network revenues towards ICP token burns. This strategy aims to create a direct feedback loop between network activity and token supply, potentially enhancing the value of ICP tokens as demand rises.
As the Mission 70 proposal aims to enhance the value of ICP tokens, the Pi Network's token price remains stagnant at 0.21, raising questions about its future. For more details, see Pi Network.
