IOTA token holders have a chance to shape the future of the IOTA EVM (Ethereum Virtual Machine) ecosystem through a new governance vote. The proposal, titled “[IGP-0005]: A Proposal for Supercharging IOTA EVM Growth,” aims to leverage unclaimed IOTA tokens to boost liquidity and attract new users.
These unclaimed tokens were originally part of the coin network before the Chrysalis upgrade in April 2021. The proposal suggests utilizing them to create deep liquidity pools, a crucial factor for smooth trading and the user experience within the coin EVM.
A more liquid ecosystem would make IOTA’s EVM offering more attractive to developers and potential users. This, in turn, could lead to a surge in growth and stability for the IOTA EVM network.
The vote represents the final stage (Phase 3) of the governance process. After discussions and refinements within the IOTA Governance Forum (Phases 1 & 2), the proposal now seeks the direct approval of token holders.
The voting window will last for 14 days, divided into two phases:
- Commencement Phase (7 days): Starting today, July 12th, token holders can cast their votes until July 19th.
- Counting Phase (7 days): The voting window closes on July 19th, and the official vote count will take place over the following seven days, concluding on July 26th.
The coin ecosystem team is also seeking community participation beyond voting. They are calling for applications from a community member to act as an “observer” during the voting process, as outlined in the proposal specifications.
This vote presents a significant opportunity for IOTA token holders to influence the future of the IOTA EVM. By voting in favor of the proposal, they can contribute to creating a thriving and well-lubricated coin EVM ecosystem that attracts new users and fosters long-term growth.
