After a successful voting period from block 850,000 to 860,000 with over 90% miner support, LTO Network’s deflationary transaction structure has officially activated on Friday the 28th of August (block 870,000).
From now on every transaction made on LTO mainnet will burn 0.1 LTO. With 60,000 txs per day this is 6,000 LTO burned every 24 hours, or approximately 180,000 per month. Additional clients and projects are in the pipeline, constantly increasing the number of txs.
Burned token amounts can be viewed on the generators page for now: [https://lto.tools/generators/](https://lto.tools/generators/)
For those that run a community node with a payout script, an update is necessary of the appng.js file, which you can find here:
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