EOS Network approves new tokenomics, promises ‘new era’
EOS is shifting to a fixed supply of 2.1 billion tokens and introducing halving cycles amid ongoing community skepticism and past regulatory challenges.
The EOS ecosystem has reached a consensus to approve a new tokenomics model, promising a “new era” for EOS tokenholders and developers.
According to an announcement on May 31, EOS will transition from an inflationary token supply with a maximum of 10 billion EOS (EOS) tokens to a fixed supply of 2.1 billion tokens. According to the EOS Network Foundation (ENF), the move would help curb inflation.
In addition, EOS’ fully Diluted Value (FDV) was reduced by 80%, and four-year halving cycles were implemented. Another change is the addition of “high-yield staking rewards” with lockup, although yields were not disclosed.
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Author: Ana Paula Pereira
