Treasure Proposes Issuing 173 Million MAGIC for Network Transformation

Treasure posted on platform X that the TIP-63 proposal is open for community discussion. The proposal aims to establish a Strategic Growth Fund (SGF) with a maximum size of 173 million MAGIC and to set up a continuous staking emission plan to promote the launch of the Treasure DePIN network. If fully issued, the total supply of MAGIC will increase from approximately 348 million to about 521 million, an increase of 49.76% (excluding staking emissions). If the proposal is approved, 100 million MAGIC will be minted to the Treasure Foundation on February 3, 2027, with the remaining 73 million minted only upon reaching specific network milestones.

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