On August 8, Lorenzo, the founder of the Bitcoin scaling network Fractal supported by UniSat, announced that Fractal will permanently destroy a total of 4,101,541 FB around the expected first halving on September 9. This includes the remaining rewards from FIP-101, undistributed rewards from public testing, and ecological allocations for the second year. A draft proposal for FIP-102 will be released tomorrow, which aims to redistribute 50% of the token issuance after the halving to support the native issuance of FB on the Bitcoin mainnet, reducing Fractal's block reward to 6.25 FB without increasing the total supply. FIP-103 will define the specific distribution mechanism. Additionally, UniSat plans to purchase $200,000 worth of FB from the open market each month for five consecutive months, totaling $1 million, as a long-term strategic reserve, and will lock it on-chain for at least five years.
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Fractal to Destroy Over 4.1 Million FB During First Halving and Advance FIP-102 Proposal
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