Starting September 27, the Lisk community will have seven days to vote on whether to burn 100 million LSK tokens, which represents 25% of the total LSK supply or allocate these tokens for community incentives until 2033. If the community votes to burn the tokens, the total LSK supply will decrease to 300 million tokens from the current 400 million mark.
Lisk’s chief project officer, Dominic Schwenter, emphasized that the Onchain Foundation (formerly Lisk Foundation) will not participate in the vote “to ensure a fair and community-focused decision-making process.”
Launched back in 2016, Lisk first unveiled its migration plans in late 2023.