The IOTA team announced on Twitter on Tuesday that its community would vote on the fate of $17 million in unclaimed tokens. The community will decide whether to use the tokens to build the ecosystem or burn them. The vote will take place on May 27, the IOTA team added.
IOTA is a permissionless distributed ledger "for a new economy".IOTA aims at supporting the growth of a machine economy by enabling "fee-less machine-to-machine payments", offering greater scalability than blockchain networks. IOTA is trading at $0.3347, down by more than 1% in the last 24 hours.