This referendum, if approved, will place the following on-chain remark:

**"Reduce the allocation for Growth (LM rewards, bonds etc.) from 5,295,662,772 HDX to 1,795,662,772 HDX, resulting in a reduction of the total HDX supply cap from 10 Billion HDX to 6.5 Billion HDX."**

Full rationale available at https://hydradx.substack.com/p/hydrating-through-the-winter

- There is a referendum to reduce the amount of HDX tokens for Growth.
- The current allocation is 5,295,662,772 HDX and they want to reduce it to 1,795,662,772 HDX.
- This will also reduce the total supply cap of HDX tokens from 10 Billion to 6.5 Billion.
- You can read more about the reasons for this change at the provided link.
- In short, they want to make this change to help the project grow.

HDX Supply Reduction

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