Treasure proposes minting up to 173 million additional MAGIC tokens.

Treasure's governance forum has introduced TIP-63, a proposal to launch a DePIN network and create a strategic growth fund of up to 173 million MAGIC tokens—roughly 50% of the existing maximum supply. The plan would mint 100 million MAGIC on February 3, 2027, with the remaining 73 million tied to network operations, usage, staking, and revenue milestones. The proposal also sets additional inflation for staking rewards, targeting an annual rate that declines from 5% in year one to 2.5% from year four onward. Discussion runs from November 4 to 18, voting is scheduled for November 18 to December 2, and the network is targeted to go live on March 3, 2027. The vote matters as a test of holder appetite for significant dilution tied to a new DePIN strategy; watch the outcome and whether the milestone-based unlocks and declining inflation schedule are enough to offset supply concerns.