TREE NEWS update: Treasure opened community discussion on TIP-63, a proposal to create a Strategic Growth Fund of up to 173 million MAGIC plus an ongoing staking emissions program to support the launch of its DePIN network. Full minting would raise MAGIC’s total supply from about 348 million to about 521 million, a 49.76% increase excluding staking emissions. If approved, 100 million MAGIC would be minted to the Treasure Foundation on Feb. 3, 2027, with the remaining 73 million issued only after specific network milestones are met.
Treasure Proposes Minting Up to 173M MAGIC for DePIN Network Launch
AI take
The scale is the story: a near-50% supply expansion tied to a network that does not yet exist is a structural commitment, not a routine treasury vote. The milestone tranche is the more interesting design choice, since it ties most of the dilution to delivery rather than to the launch itself, and the 2027 cliff for the foundation allocation leaves a long window in which the proposal's terms can be revisited. Whether the community treats the milestone gate as sufficient protection, and how MAGIC holders weigh dilution against DePIN incentives, is the open question.
Generated by AI for reference only.
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