Solana Company rejects SOL inflation and fee plans

Solana Company has backed Solana’s proposed constitution while opposing two economic plans that could cut token issuance by 18.9 million SOL and raise daily token burns as voting opens on Aug. 22. Summary Solana Company will support SGP-0001 and vote against SGP-0002 and SGP-0003. SGP-0002 could reduce projected SOL emissions by 18.9 million tokens over six years. The Nasdaq-listed company said changing staking and fee rules could discourage institutions. Successful governance votes would guide policy but would not automatically activate either proposal. The company said in an Aug. 21 press release that it will vote for SGP-0001, known as the Solana Constitution, while opposing SGP-0002, the Double Disinflation Rate proposal, and SGP-0003, the Resource and Inclusion Fee proposal. On-chain voting for the first three Solana Governance Proposals is expected to begin on Aug. 22. Solana Company, which trades on Nasdaq under the HSDT ticker, operates institutional validator infrastructure across the Asia-Pacific region and earns staking revenue from its SOL treasury. Its support for SGP-0001 rests on the proposed constitution’s voting structure. Under the system, staking participants rec...