As outlined in the proposal for the PEN tokenomics 2.0, we want to reduce the total issuance of PEN and move away from the inflationary token structure.&#x20;



The current total issuance of PEN is `164386762744678896149` ie \~164.386 mil PEN.&#x20;

The balance of the treasury is `60520383266515837481` ie \~60.52 mil PEN, see [here](https://pendulum.subscan.io/account/13UVJyLnbVp9RBZYFwFGyDvVd1y27Tt8tkntv6Q7JVPhFsTB).

The root transaction force-sets the balance of the treasury to `46133620521836941332` ie. \~46.13 mil PEN reducing the total issuance by `14386762744678896149` ie \~14.38 mil PEN, thus leading to a total issuance of 150 mil PEN.&#x20;

See [`Pallet::external_propose_majority`].

#70 Burn 14 mil PEN tokens from treasury to reduce total issuance to 150 mil PEN

No Active Proposals