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Hyper's recent token burn plan is indeed impressive. The voting results are clear—85% support, indicating that the community sees through this logic: reducing circulation to stabilize the token's value.
Burning tokens directly from the aid fund is a bold move—avoiding the rapid dumping of these tokens into the secondary market later. Instead of letting those who only want to profit short-term take advantage, it's better to eliminate the supply altogether. This is true on-chain governance, where the community has the final say, rather than a centralized team making arbitrary decisions.
After the burn, HYPE faces significantly less inflationary pressure. Token holders can finally breathe a little easier, no longer worrying daily about the price being crushed by supply. This tangible improvement in the mechanism is more meaningful than any amount of marketing hype.
But to be honest, I still don’t understand why I should participate in these votes... Anyway, destroying tokens doesn’t necessarily mean the price will go up, so I’ll wait and see.
I believe in the community governance approach, but the key is whether it can truly stabilize in the future.