This proposal seeks to burn the remaining 120 million MARS tokens in the Mars Protocol community pool. These funds have remained untouched since the protocol’s inception and serve no practical purpose within the ecosystem. Initially designated for grants to contributors building on Mars, the need for such incentives has become obsolete as Mars Protocol has successfully developed its own super app.
Motivation
The community pool was originally intended to foster ecosystem development by providing grants to projects leveraging Mars Protocol. However, since the protocol evolved independently and built its own super app, these funds were never utilized. Keeping them in circulation without a clear purpose may introduce unnecessary inflationary concerns and governance overhead.
By burning these tokens, we:
Reduce potential future inflationary pressures.
Strengthen the economic soundness of MARS by eliminating unutilized supply.
Enhance tokenomics by reinforcing the scarcity and long-term value proposition of MARS.
Execution Plan
Community approval of this proposal through on-chain governance.
Upon successful approval, execute a transaction to send the entire community pool balance (120M MARS) to burn address: neutron1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqhufaa6
Verify and document the burn transaction on-chain for transparency.
Conclusion
Burning the remaining MARS tokens in the community pool is a rational decision that aligns with the protocol’s matured state and economic interests. With no historical or foreseeable use for these funds, this action streamlines governance and reinforces the integrity of MARS tokenomics. We encourage the community to support this proposal to ensure the long-term sustainability of Mars Protocol.