- Halting ETH sales and optimizing revenue could stabilize supply and build confidence.
- Taxes on Layer 2 projects could generate $5B annually to burn ETH and boost price.
- Streamlining EF operations and focusing on Layer 1 enhances scalability and value.
Justin Sun, the founder of Tron, recently shared a hypothetical roadmap to propel Ethereum’s value to $10,000. His vision outlines a series of steps focusing on supply control, revenue optimization, and operational efficiency.
Sun’s Ethereum Vision: A Breakdown
Sun proposes a three-year halt on Ethereum Foundation ETH sales to stabilize supply. This aligns with Ethereum’s deflationary goals and aims to build market confidence. Instead of selling ETH, operational costs would be covered through alternative revenue streams like AAVE lending, staking yields, and stablecoin borrowing. These measures would ensure liquidity and preserve ETH’s value.
Impose Taxes on Layer 2 Solutions
Another significant step is introducing taxes on Layer 2 projects. This could generate $5 billion annually for Ethereum. These funds would be used to repurchase ETH and destroy it, creating a decentralized mechanism to reduce supply and enhance its deflationary characteristics. This strategy could lead to higher market demand and price appreciation.
Sun also envisions a leaner Ethereum Foundation, suggesting staff reduction while retaining only top-performing members. This merit-based approach would increase efficiency and reward excellence. Remaining employees would receive significant salary hikes, fostering a results-driven culture.
Enhance Fee Burns and Focus on Layer 1 Development
Adjusting rewards and increasing fee-burning mechanisms are central to solidifying Ethereum’s deflationary nature. By reducing node rewards, more resources can be allocated to burning fees, further cementing Ethereum’s position as a store of value. Additionally, all efforts would be redirected toward Layer 1 development, including prioritizing scalability, security, and adoption to maintain Ethereum’s competitive edge.
Related: Blockchain Fee Earnings Break $6.89B in 2024: Ethereum, Tron, and Bitcoin Shine
The Path to $10,000: A Two-Phased Approach
With these measures, Ethereum could experience a short-term surge, potentially reaching $4,500 within a week. This rapid growth would lay the foundation for long-term success, with Ethereum’s value continuing to climb toward $10,000.
The emphasis on deflationary mechanisms, efficient operations, and Layer 1 development could redefine Ethereum’s market position and cement its status as a premier blockchain platform.
Remember, this is a hypothetical roadmap proposed by Justin Sun. It’s not clear if or how these changes might be implemented.
Related: Ethereum Price Prediction: Will Trump’s $42M Buy Spark a Rally?
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