Polkadot founder Gavin Wood confirms: JAM protocol will not issue new tokens
Polkadot founder Gavin Wood made it clear that the JAM protocol has no plans to issue new tokens, and the enhancement plan is only to strengthen Polkadot’s existing ecosystem.
(Previous summary: Polkadot founder Gavin Wood gave his first speech in Taiwan "JAM builds Web3 cloud, Ethereum is just an old product of the past)
(Background supplement: Polkadot founder Gavin Wood: Polkadot's Satoshi coefficient is 149, and the degree of decentralization is much higher than Ethereum and Solana)
JAM in the recent Polkadot ecosystem There has been increasing discussion on whether the protocol will issue new tokens, triggering widespread speculation in the community.
To this end, Polkadot founder Gavin Wood personally spoke out on the Polkadot forum and clearly stated his firm position on this matter: No new tokens will be issued! .
Gavin Wood's response on the Polkadot forum was straightforward. He said:
"I personally do not plan to issue new tokens based on the JAM protocol."
He further pointed out that even though the leadership of Parity Technologies and the Web3 Foundation have the right to make their own decisions, he personally believes that it is not a "smart move" for these organizations to issue new JAM tokens.
JAM’s core positioning
Gavin Wood emphasized that the core value of the JAM protocol lies in being a major technical upgrade and functional enhancement of the Polkadot ecosystem, rather than a new project independent of the existing DOT token.
The development goal of JAM is to improve the overall performance of the Polkadot network, such as significant improvements in processing speed and data storage capabilities, rather than expanding through the issuance of new tokens.
Gavin Wood explained that any potential new token (if it is real) should form a "symbiotic relationship" with the DOT token to jointly promote ecological prosperity, rather than replace DOT or dilute its inherent value. We express our opposition to any behavior that does not bring substantial net benefits to Polkadot.
Please watch the previous special interview with Gavin Wood in the dynamic zone:
