Solana News: MtnDAO Launches Experimental Crypto Investment Fund Token ($MTN) and Solana Proposal Sparks Debate

In the world of cryptocurrencies, new developments are constantly shaping the landscape. Recently, MtnDAO announced the launch of its experimental on-chain investment fund token ($MTN), while a new Solana proposal has generated significant debate in the community.

MtnDAO’s Experimental Crypto Investment Fund to Launch Token ($MTN)

MtnDAO’s experimental on-chain investment fund, mtnCapital, will launch its token ($MTN) at the end of March. The fund is governed by a markets-centric form of governance called futarchy. The token is expected to outperform VCs, according to the founder. The monthlong Solana developer meetup will be held at the mtnDAO hacker house.

Solana Proposal SIMD-0228 Generates Debate

A new Solana proposal aims to change the frequency at which new tokens are generated on the prominent blockchain. The proposal, SIMD-0228, looks to move from fixed-rate token emissions to a programmatic, ‘market-based emission’ schedule based on staking participation rate. This would dynamically change Solana inflation based on network activity, sparking serious debate ahead of the imminent vote.

Solana Monetary Decisions in the Spotlight: Controversy Over SIMD-0228 Proposal

The Solana community is in an uproar over SIMD-0228, a proposal to change the blockchain’s inflation mechanism. Voting on the proposal is scheduled to begin in Solana epoch 753. Proponents argue that Solana is overpaying for security and that market-based mechanisms are more efficient, while detractors warn that reducing issuance rewards could centralize the network’s power.

4 Reasons Why Solana (SOL) Price Could Rally Back

Solana native token SOL has increased by 17% after falling to a low of $125 on Feb. 28. However, it encountered strong resistance near the $180 mark. The current price of $145 represents a 50% decline from its all-time high of $295 on Jan. 19, raising concerns among traders. Analysts attribute the sharp decline to the memecoin market crash, with onchain activity declining across various sectors. This suggests a reduced appetite for SOL, with Solana network fees dropping by 73% compared to four weeks ago.