Akash Network to hold on-chain vote for new token burn model

Akash Network (AKT) announced via its official X account that an on-chain vote will begin today, March 7, on a proposal to introduce a Burn-Mint Equilibrium (BME) model centered on token burning. If the proposal passes, a network upgrade to implement the model is scheduled for 2:00 p.m. UTC on March 23. According to Akash, the BME model is designed to restore the direct utility of the AKT token and link its value to network usage. If approved, all AKT used for deployments on the network will be burned.