Proposal to Burn Locked TWTs for Enhanced Capitalization

For a considerable amount of time, numerous community proposals have been submitted. While these proposals met the outlined criterias (total amount of votes is equal to at least 4% of the total TWT BEP20 circulating + 51% or higher voted “Yes” + voting period should be at least 5 days), they remained unaddressed by the team. None of the five community proposals have progressed to the development stage.

(All of them:

1. Dust clean-up of Binance exchange addresses on both chains (bep2 and bep20) https://governance.trustwallet.com/#/proposal/bafkreidurq5durtzvrsy3rwhdhkkafoe56q5gnozhsrf37coytxihu2qga
2. Launch Trust Wallet Marketing Learn2Earn Platform https://governance.trustwallet.com/#/proposal/Qmaf2cNqPfxZ5tkVsnQumVFXzr4KfrgZGLv76TAC3c5LTM
3. Integrate Mina into Trust Wallet https://governance.trustwallet.com/#/proposal/QmUcqkPcGgzG5zotQp2jxMj642gcUELH1J9rurT1DG25hq
4. Trust Wallet Governance Reform Proposal https://governance.trustwallet.com/#/proposal/Qmb3JktZr3AyC3yM87DvjTTyicSRso75ZFiWPZgzfj9Crx
5. Develop and integrate Trust wallet name service (TWNS) https://governance.trustwallet.com/#/proposal/QmarKgqhMPAkPF9ei73as3H4G1Gmyd3ncyjY59F8ejijXW )

Proposal Summary: Undeterred, the community now presents the sixth proposal, in the anticipation that the team will give heed. This proposal seeks to address the issue of locked TWTs. According to CoinMarketCap (CMC), the current TWT supply is 416,649,900, with a total supply of 999,668,148 TWT. This results in 583,018,248 tokens that have remained untouched for over two years. The proposal recommends that these locked tokens be left undisturbed and, furthermore, calls for the team to execute a burn of these dormant tokens. This action aims to underscore the project's capitalization strength and enhance the sustainability of TWT tokenomics.

Proposal Details: The primary objective of this proposal is to address the locked TWTs that have remained untouched for an extended period, thus contributing to the improvement of TWT tokenomics. The proposal seeks to demonstrate a commitment to the sustainability and capitalization of the Trust Wallet token.

This proposal does not advocate unlocking additional tokens. Instead, it advocates burning the remaining locked tokens. The proposal aims to send a strong signal to the community and the broader cryptocurrency market about the dedication of the project to sound tokenomics and long-term value.

We kindly request the Trust Wallet Team to review this proposal and provide their valuable feedback and support.