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A well-known DEX platform's governance proposal has been officially approved, receiving overwhelming voting support. The proposal includes two major components: the destruction of 100 million platform tokens (accounting for exactly 10% of the total supply), and the activation of the fee switch mechanism.
The destruction plan has been confirmed and will be executed tomorrow. 100 million tokens will be permanently removed from circulation, which will have a significant impact on the token economic model.
Another key change is the activation of the fee switch. Under the new rules, this DEX platform will cease charging fees for applications, websites, and wallet services. This means that developers and service providers within the ecosystem will face significantly lower costs in these areas, potentially stimulating more ecosystem innovation.
Market reaction to this proposal has been very direct—since the proposal was made public, the related token price has increased by about 20%. Investors have shown a clear optimistic attitude towards this governance decision and the economic model adjustment.