Justin Sun’s Proposal to Boost Ethereum Price
- Sun proposes a three-year halt on Ethereum Foundation’s ETH sales.
- The foundation has sold 4,666 ETH, worth approximately $13 million, since January 2024.
- Plan includes implementing taxes on layer 2 projects for $5 billion in annual revenue.
- Sun suggests reducing EF staff while increasing salaries for remaining employees.
- Additional measures include reducing node rewards and enhancing fee-burning mechanisms.
Tron founder Justin Sun released a plan to manage the Ethereum Foundation, proposing a halt on ETH sales and other measures aimed at driving Ether’s price to $10,000. The plan also suggests resource reallocation towards Ethereum development and scalability.
Source (2.6)https://cryptobriefing.com/justin-sun-proposes-plan-drive-etf-prices/?rand=59535
