EOS Tokenomics Update: Supply Cap and Staking Rewards

IconCryptoNewsTerminal Staff29 May, 2024

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EOS Tokenomics Update: Supply Cap and Staking Rewards

EOS Network Foundation (ENF) has announced an upcoming update to EOS tokenomics with the deployment of EOS system contract v3.4.0. Subject to approval by at least 15 out of 21 EOS block producer addresses, these changes will introduce a reduced total EOS supply capped at 2.1 billion tokens, effectively decreasing the circulating supply from the current 4.18 billion. Additionally, staking rewards for EOS holders will be introduced starting in late June. ENF had previously aimed for a late May implementation, but the timeline has been shifted slightly. These tokenomic modifications are expected to enhance the stability and utility of the EOS ecosystem, encouraging long-term holding and participation.

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