2024-05-31 03:08:22

PANews May 31st news, Yves La Rose, CEO of the EOS Foundation, announced on the X platform that the new token economic model proposal for EOS has been officially approved. This proposal will close inflation and destroy 80% of the future total supply of EOS. The code deployment will take effect on June 1st, and the total supply of EOS in the future will be fixed at 2.1 billion tokens.

Previously, it was announced that the EOS Network Foundation has launched a new multi-signature proposal, involving significant changes in tokenomics. The proposal includes fixing the total supply of EOS at 2.1 billion tokens, introducing a token vesting schedule, and allocating 35 million EOS for RAM purchases and market making. The proposal requires approval from at least 15 out of 21 EOS block producers. The first update will be implemented after June 1st, and subsequent improvements will involve high-yield stake rewards for REX 2.0.

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