Foresight News
Foresight News|Jun 06, 2026 05:17
[Heima Community Passes Proposal to 'Burn 16.5 Million HEI Tokens'] Foresight News reports that the Heima community, a cross-chain abstraction layer project, has voted to pass the proposal to 'burn 16.5 million HEI tokens.' The proposal includes plans to burn 16.5 million HEI tokens from the ecosystem allocation, consisting of 12.05 million locked HEI tokens and 4.45 million unlocked but unused HEI tokens. This fund was initially reserved for Polkadot parachain auctions. However, as Polkadot transitions from parachain auctions to Coretime sales, Heima stated that the required DOT costs can now be covered using the DOT treasury reserved by the team. Additionally, the official announcement clarified that the burn will not occur immediately after the referendum ends. The operation will be executed at block 288,000 after the referendum is passed. Based on block time, this is estimated to take approximately 40 to 60 days from today.
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