EOS will turn off the inflation mechanism and mint 818 million new EOS tokens
Yves La Rose, CEO of the EOS Foundation, announced on social media that EOS will close its inflation mechanism in the future. Approximately 818 million new EOS tokens will be minted, and the maximum supply of EOS will be limited to 2 billion. The new tokens will be released over a period of time, with a large initial release that gradually decreases over time (following a logarithmic curve). This will dilute the share of inactive holders and reward those who remain active.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Has Altcoin Season Started With FED Heat? Legendary Analyst Answers
Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.
How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast
At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.
Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data
Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.
BREAKING: End of an Era – Terraform Labs Approved For Bankruptcy After Settling With SEC