ListaDAO Burns 20% of LISTA Tokens, Impacts Supply Cap and Revenue Allocation

The ListaDAO community recently voted to approve LIP-021, a proposal for a one-time 20% token burn of LISTA tokens. This action will reduce the maximum supply to 800 million LISTA tokens. 20% of the total supply (200 million LISTA) was burned from the initial circulating supply. The move is designed to optimize tokenomics, impacting how veLISTA holders and the DAO’s overall revenue share. Voting took place from August 11th to 14th on Snapshot. This proposal has stirred significant market interest and generated a 24.66% price increase for LISTA tokens.