CoinsAQ summary · neutral
Layer 1 network dilutes supply by 75% overnight to fund survival after main developer quits
What happened
The executed mint reduced the proposal’s pre-existing supply base to about 25.1% of its estimated post-mint total. Secret Network executed a 1.079 billion-SCRT mint on Aug. 21 as backers of Proposal 365 moved to keep the Cosmos-based layer 1 operating ahead of SCRT Labs’ Sept..
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