During October, Minswap DAO approved one of the largest burns of MIN token ever, reaching a total amount of 500 million tokens worth over $12.3m.
This burn was a one-time event and it was part of Minswap’s global strategy to revitalize the MIN token. Minswap commissioned a report from AQube , a specialized firm in blockchain economic research, DeFi strategy, and tokenomics optimization, which indicated a number of solutions that Minswap is using as the basis for this and similar proposals to come.
