The Mission 70 initiative aims to significantly curb inflation rates of the Internet Computer Protocol (ICP) by 2026. Based on the data provided in the document, with a comprehensive strategy that balances both supply and demand factors, the proposal seeks to achieve a 70% reduction in inflation, marking a pivotal shift for the ICP ecosystem.
Overview of the White Paper
The white paper outlines a two-part approach, where supply-side reductions will account for 44% of the inflation target. Key reforms include:
- lowering voting rewards
- recalibrating payments for node providers to align more closely with their actual operating costs
These adjustments are designed to create a more sustainable economic environment for ICP stakeholders.
Demand-Side Initiatives
On the demand side, the initiative anticipates that an increase in the utilization of on-chain cloud engines and AI-driven platforms will lead to a higher burn rate of ICP tokens. This uptick in demand is expected to complement the supply-side measures, collectively driving the inflation reduction goal forward. By fostering both supply and demand dynamics, Mission 70 aims to stabilize the ICP economy and enhance its long-term viability.
The recent Mission 70 initiative aims to reduce inflation rates for the Internet Computer Protocol, while Mantle has successfully launched its Mainnet V142 upgrade, enhancing transaction speeds. For more details, see Mantle upgrade.
