EOS Passes New Tokenomics: 80% of EOS Supply to Be Burned
CryptoNewsTerminal Staff31 May, 2024
EOS Passes New Tokenomics: 80% of EOS Supply to Be Burned
EOS, the blockchain platform known for its high scalability and transaction speed, has recently passed a new set of tokenomics that will significantly reduce its total supply. The changes, which were approved by EOS block producers, involve burning 80% of the current EOS token supply, leaving only 20% in circulation. This move is part of EOS's ongoing efforts to improve its token economics and make the platform more attractive to users and investors. By reducing the total supply, EOS aims to increase the value of the remaining tokens and foster a more sustainable ecosystem. The burning process will be conducted over a period of time, with the first 50% of the supply being burned within the first year. The remaining 30% will be burned gradually over the following years. EOS's new tokenomics represent a significant change for the platform and are expected to have a positive impact on its long-term prospects. By reducing the supply and increasing the value of the tokens, EOS is positioning itself as a more attractive investment and a more viable platform for developers and users.
