Dear Community,
As the founder of TonUP, I want to take a moment to reflect on our journey together. It hasn’t been easy, especially when many doubted the potential of TON at the first stage. Yet, we have boldly committed to building, and today, we stand proud of what we have accomplished.
When investors asked us about the limits of TonUP, our answer was always the same: “The height of TON reflects our own growth, and we firmly believe in its limitless potential.” We are thrilled to have progressed alongside TON to reach this pivotal moment.
In light of recent events, including the arrest of Durov, various communities in the TON ecosystem have responded with resilience. As a leading launchpad on the TON blockchain, TonUP is here to express our unwavering support.
To demonstrate our commitment to the community, our team has decided to voluntarily burn all team-held and advisor allocation tokens, which represent 13% of the total supply of $UP tokens. This action not only signifies our dedication to enhancing the value and scarcity of $UP but also exemplifies true resistance in the face of challenges. By burning a total of 13,000,000 tokens, we aim to reinforce our belief in a sustainable and deflationary model that benefits all holders.
The burn record detailing this transaction is available at:
We are also excited to announce that tomorrow we will update the TonUP DAO page, where we will conduct a community vote on the proposed burn of 30% of the total supply. This corresponds to 30,000,000 $UP tokens allocated from the TonUP DAO. We are entrusting the community to decide whether to proceed with this burn. Voting will last for 3 days, during which users can cast their votes using $UP tokens and withdraw their votes at any time. At the end of the voting period, we will take a snapshot of the votes to determine the final outcome.
Thank you for being an essential part of this incredible community. Together, we will continue to build and thrive.
Warm regards,
Leo
Founder, TonUP