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Justin Sun: If I lead EF and Ethereum, the ETH award will increase to $10,000

2025-01-22 09:54

Odaily News Justin Sun posted on X platform that if he leads the Ethereum Foundation, ETH will rise to $10,000. The plan for the first week includes:
Immediately stop ETH sales and optimize revenue. EF will immediately stop selling ETH for at least three years. Operating costs will be paid through AAVE loans, staking income, and stablecoin borrowing. This ensures that the ETH supply remains unchanged, consistent with our deflationary goals, and enhances market confidence;
Tax ETH Layer 2. All Layer 2 will be taxed heavily, ensuring that Ethereum generates at least $5 billion in tax revenue per year (whether stablecoins or tokens). All taxes collected will be used to repurchase ETH and destroy it;
Simplify EF operations. EF's staff size will be significantly reduced, retaining only the most capable team members. The remaining staff will receive a significant salary increase, which will enable EF to move to a purely performance and results-based reward system;
Adjusting rewards and increasing fee burning, node rewards will be reduced and more emphasis will be placed on the burning mechanism. This ensures that Ethereum remains deflationary, solidifying its position as a store of value.
Focusing on Layer 1, all resources will be redirected to Ethereum’s core Layer 1 development, prioritizing scalability, security, and adoption, with ETH reaching $10,000.