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TON Validators Set To Vote on Suspending $2.5 Billion in Toncoin

Validators for The Open Network (TON) are considering the suspension of 195 inactive addresses on the proof-of-stake blockchain, with a vote scheduled to begin on Feb. 21. In total, these addresses currently hold just over 1 billion toncoin or 21.3% of the total supply, worth around $2.5 billion at today’s valuation. 

At least 75% of validators must participate in several voting rounds for the vote to pass. If approved, the proposed suspension will last for four years, with the affected addresses not able to make any transactions for the duration of the freeze period. The “suspended list” would be visible on the public blockchain.

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