The Merit Circle (MC) community initiated the MIP-20 proposal on the destruction of 200 million MC tokens from the community incentive distribution. Proposal voting ends at 18:00 on October 26. Merit Circle token MC has an initial total supply of $1 billion, with nearly 30% allocated to community incentives. The proposal argues that these tokens have no utility and have not been spent since the community incentivized wallet was created. According to the Merit Circle MIP-7 proposal, currently 6,125,000 tokens are burned per month in the community incentive wallet, but there are still nearly 200 million MC tokens in wallet 8.