Polkadot (DOT) passes proposal to reduce token supply

The Polkadot community has approved the RFC-10 upgrade to reduce the supply of DOT tokens. Notably, 100% of Polkadot (DOT) community members voted in favor of this proposal. This upgrade will burn revenue generated from Polkadot (DOT) “coretime” sales. According to experts, the increasing burning of Polkadot tokens could support the market value of DOT. On the sidelines, RFC-10 author Jonas Gehrlein said the proposal would ensure consistent and predictable Treasury income for the Polkadot (DOT) community.

Polkadot (DOT) price has also increased by 10% in the past week. As a result, Polkadot (DOT) is currently trading at 7.73 USD#Write2Earn $DOT