Can someone please make a proposal for DOT to do a massive burn! We need to do a massive burn like TRON did aka TRX. Burn a good amount of supply away will help ~ deflation long term. Also the Burn must be pushed via DOT ~ X and etc socials. Dot has staking but has been abused by whales & early investors etc. We need a burn to compensate & Top holders + whales with huge bags should be willing to burn as this inturn will reflect in price and their bags. All holders even just take a amount less for small holders but whales more as it will even out. This is a critical step for the revival of DOT if we want to make a new ATH again this must be done!
1% of POlKADOT'S 1.6 billion DOT SUPPLY = 1.6 Billion X 0.01 = 16 million Dot.
Dot can do this in 2 ways ~ 1) burn 16 million at one time this will definitely make news and impact price the same sec it happens. 2) Burn the 1% of supply gradually would correspond to the existing deflationary model ~ 37 Burns which could take years I don't agree with this. I feel if they did 5 burns total in a year or 2 year period would be good.
Will only help the project and brings major attention + more security/integrity for new holders + all who have invested. If dot can do a burn like this as TRX did will be big.