IOTA Treasury Vote Ends Today: IOTA Community
The deadline for the IOTA community vote happens today, the vote commenced on the 27th of May, and this was done to give the community room to decide the fate of the IOTA tokens left unclaimed since the commencement of the project.
Mechanism of Vote
The community is allowed to vote on whether the IOTA tokens left should be used for the support of the projects in the IOTA ecosystem or the tokens should be burnt.
To cast the vote, individuals need to be fully informed of the procedure.
Fact About the Treasury.
The treasury is the first in the history of IOTA. It makes a significant step forward in terms of community governance, a long-time priority for the IOTA foundation.
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Before the 2016 launch of the IOTA network with its genesis transaction, the founder of the IOTA got some funds in the exchange for the IOTA tokens in the previous crowd sale.
The crowd sale participants agreed to collect their purchased tokens in a timeframe of 90 days following the launch.
In this same 2016, there was a change of supply from 999.999.999.999.999 tokens to 2.779.530.283.277.761 IOTA tokens
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