Heima Opens Community Vote to Burn 16.5 Million HEI Tokens

Heima said the foundation voted in favor of the on-chain proposal to burn 16.5 million HEI from ecosystem allocations, while stating that the final decision remains with the community.

Summary

Heima announced a community vote on an on-chain proposal to burn 16.5 million HEI tokens from the ecosystem allocation. The foundation said on X that it voted in favor of the measure, but emphasized that the final outcome will be decided by the community. According to the announcement, the process is meant to underscore transparency and community participation in governance.

Terms & Concepts
  • On-chain proposal: A governance proposal submitted and voted on through blockchain-based systems rather than off-chain processes.
  • Token burn: A process that permanently removes tokens from circulation, typically to adjust supply or support token economics.
  • HEI: The native token referenced in Heima’s proposal, which would have 16.5 million tokens burned from the ecosystem allocation if approved.