Home Crypto EOS Network Foundation Implements Major Overhaul of Token Supply Caps at 2.1 Billion

EOS Network Foundation Implements Major Overhaul of Token Supply Caps at 2.1 Billion

by Editorial Staff
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The EOS Network Foundation caps its token supply at 2.1 billion.
  • The EOS Community Basis caps its token provide at 2.1 billion.
  • The brand new financial mannequin contains 4-year halvings and assist for the RAM market.
  • 950 million EOS tokens will likely be minted for ecosystem progress and rewards.

In a groundbreaking transfer, the EOS Community Basis, led by CEO Yves La Rosa, has permitted a neighborhood proposal to cap the overall provide of EOS tokens at 2.1 billion.

This choice marks a major shift within the token dynamics of the community, aimed toward stabilizing and bettering the financial mannequin of the EOS ecosystem.

Neighborhood approval and implementation

The proposal, which has been permitted by no less than 15 of the 21 EOS block producers, entails burning almost 80% of the present complete provide of EOS tokens.

This drastic discount is essentially resulting from future releases, successfully lowering the utmost provide from 10 billion to 2.1 billion tokens.

Yves La Rose confirmed the neighborhood consensus on the proposal by way of a put up on X, emphasizing the fund’s dedication to a set token provide and decrease inflation.

EOS at present has a circulating provide of 1.15 billion tokens, which is 54% of the lately established cap.

To assist the present and future progress of the ecosystem, the providing additionally contains the minting of an extra 950 million EOS tokens.

The minted tokens will likely be used for varied actions within the ecosystem, corresponding to rewarding stakers and block producers, offering steady incentives and assist for community individuals.

Along with shifting to a set token provide and lowering the absolutely diluted valuation (FDV), La Rose highlighted a number of different key elements of the providing, together with a deliberate halving each 4 years and expanded assist for the RAM market.

General, these modifications intention to create a extra predictable and sustainable financial atmosphere for the EOS community, positioning it for long-term success and stability.

EOS Community Basis management transition

You will need to observe that EOS was initially a creation of Block.one, and the EOS token was launched to buyers by an preliminary coin providing (ICO) held between 2017 and 2018, which raised $4 billion.

Nevertheless, after some accusations that Block.one didn’t reinvest the funds raised through the ICO into the event of the EOS community, La Rose established the EOS Community Basis as a non-profit group to assist the EOS community.

By limiting the provision of tokens and implementing a collection of financial reforms, the EOS Community Basis goals to create a extra dependable and investor-friendly ecosystem.

The deliberate modifications are anticipated to be applied within the coming months, ushering in what La Rose describes as “a brand new period for EOS.”

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