EOS Proposal to Cap Supply at 2.1B Passed by Community

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EOS Proposal to Cap Supply at 2.1B Passed by Community
The EOS community has recently approved a significant proposal to cap the total supply of the protocol’s native token at 2.1 billion. This decision marks a pivotal moment for the blockchain as it introduces a fixed limit on the number of EOS tokens, addressing long-standing concerns about inflation and token supply.
80% of the Excess EOS Token Supply after Cap Will Be Burnt
According to Yves La Rose, CEO of the EOS Network Foundation, the proposal involves burning 80% of the current excess supply of the tokens. This means that a substantial portion of the existing tokens will be permanently removed from circulation, effectively reducing the total supply and potentially increasing the value of the remaining tokens.
The #EOS Network has reached consensus to approve the tokenomics proposal!
❎ Inflation✅ Fixed Token Supply✅ 80% Reduction in FDV✅ 4 yr $EOS Halvings✅ $RAM Market Support
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