🔥 117,654 $DOT just went up in smoke! 🔥
Polkadot's Treasury has a unique approach to managing its funds. Every 28 days, a new spending cycle kicks off, but it's not a "save it for later" kind of deal. If funds allocated for projects and initiatives go unused, 1% of that unspent DOT is permanently burned! This isn't just a random event; it's a deliberate mechanism designed to keep the network efficient and combat inflation.
Think of it as Polkadot's way of saying: "Use it or lose it!" It encourages active participation and ensures the Treasury funds are always working for the ecosystem, rather than sitting idle. This commitment to controlled supply and strategic resource allocation is a core part of Polkadot's economic model. 💸
What do you think of this approach to managing network funds?
