Network (LON:) Foundation (ENF), the entity entrusted by the EOS community to develop its core blockchain software, has approved a new tokenomics model to improve the economic potential of the EOS ecosystem.
The proposal received a super majority consensus from EOS Network block producers and is set to be deployed on June 1, according to a press release.
Key features of the new model include a transition from an inflationary token supply with a 10 billion maximum cap to a fixed supply of 2.1 billion tokens. This should help eliminate inflation and establish a more predictable economic environment.
Moreover, the Fully Diluted Value (FDV) of EOS will be reduced by 80%, which is expected to enhance the long-term value for EOS holders.
The model also introduces four-year halving cycles to control the release of new tokens into the market. Funding will be allocated to support middleware operations, focusing…
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