Revolution DAO destroys 66% of its tokens, paving the way for a new 2.0 phase
Revolution DAO passed and executed the destruction of 7509490 RLDs through the Snapshot proposal. Since the start of minting, the project has destroyed a total of 850,8264 RLDs, which translates to approximately $11.89 million based on real-time prices. In terms of the proposal, the treasury set aside 300,000 RLDs for rewards to the governance committee and the development of eco-products. This move means that RLD is further deflated in market circulation and more clearly a fully community oriented deflationary utility token, unleashing huge price upside. According to the latest news, Revolution DAO will have an eco-product launch in the near future.