Swarm Markets Votes on $45M Burn of One-Third of $SMT Tokens

Swarm Markets has initiated a voting process on Snapshot for $SMT token holders to decide on two proposals: changes to the $SMT rewards policy and burning one-third of all $SMT tokens. The voting period will close at 11:59 UTC on Wednesday, July 24. The proposed token burn would involve approximately 81 million $SMT tokens, valued at $45 million. The team does not own tokens. This significant move is expected to impact the $SMT market, with many anticipating a rise in token value.