Treasure proposes to mint up to 173 million MAGIC.

On November 5, a proposal on the Treasure governance forum, TIP-63, aims to launch the Treasure DePIN network and establish a strategic growth fund of up to 173 million MAGIC tokens, with the new issuance accounting for approximately 50% of the current maximum supply.

The proposal outlines minting an initial batch of 100 million MAGIC tokens on February 3, 2027, with the remaining 73 million tied to milestones for network operations, adoption, staking, and revenue generation. It also introduces additional inflation for network staking rewards, targeting an annual inflation rate that gradually decreases from 5% in the first year to 2.5% starting in the fourth year.

The proposal discussion period runs from November 4 to 18, with voting scheduled from November 18 to December 2, and the network is slated to launch on March 3, 2027.