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 <p class="paragraph">The EOS Network Foundation (ENF), an open-source blockchain platform, has unveiled a new <a rel="noopener noreferrer nofollow" title="tokenomics" href="https://thebittimes.com/tag/tokenomics.html">tokenomics</a> <a rel="noopener noreferrer nofollow" title="model" href="https://thebittimes.com/tag/model.html">model</a> for the EOS ecosystem, signifying an important shift towards greater <a rel="noopener noreferrer nofollow" title="economic" href="https://thebittimes.com/tag/economic.html">economic</a> <a rel="noopener noreferrer nofollow" title="potential" href="https://thebittimes.com/tag/potential.html">potential</a> and stability for the network.&nbsp;</p>
 <p class="paragraph">The new model, backed by the majority of EOS Network block producers, will be implemented on June 1, according to the information shared with Finbold.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">The #EOS Network Block Producers have reached a super majority consensus to approve the new tokenomics model proposal! <br><br>Upon time delayed execution of the MSIG on June 1, network inflation will be permanently halted and $EOS FDV will be reduced by 80%!https://t.co/By9UPRL3Tx pic.twitter.com/2yjVqo2M7m</p>— EOS Network Foundation (@EOSNetworkFDN) May 31, 2024
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 </figure>
 <h2 class="wp-block-heading" id="h-a-new-era-for-eos">A ‘New Era’ for EOS</h2>
 <p class="paragraph">The new tokenomics model introduces several features designed to foster long-term growth on the platform.</p>
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 <p class="paragraph">With a <strong>fixed <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> supply</strong>, EOS will shift from an inflationary <a rel="noopener noreferrer nofollow" title="model" href="https://thebittimes.com/tag/model.html">model</a> capped at 10 billion <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s to a fixed supply of 2.1 billion <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s, eliminating inflation and creating a more predictable <a rel="noopener noreferrer nofollow" title="economic" href="https://thebittimes.com/tag/economic.html">economic</a> landscape.</p>
 <p class="paragraph">The <strong>Fully Diluted Value (FDV) </strong>of the platform will also be slashed by 80%, aligning with the new tokenomics model and increasing the value proposition for holders.</p>
 <p class="paragraph">In addition, <strong>four-year halving cycles</strong> will help manage the token supply, ensuring a steady and regulated distribution.</p>
 <p class="paragraph">Next, a <strong>funding allocation</strong> will enhance middleware operations, bridging the usability gap between Web2 and Web3 experiences.</p>
 <p class="paragraph">To ensure sufficient liquidity and support market growth and accessibility, 350 million EOS will be allocated to the RAM market (currently valued at $300 million).</p>
 <p class="paragraph">Finally, the <a rel="noopener noreferrer nofollow" title="model" href="https://thebittimes.com/tag/model.html">model</a> introduces <strong>high-yield staking rewards</strong> and adjustments to the staking lockup period, encouraging long-term commitment and active network participation.</p>
 <h2 class="wp-block-heading" id="h-the-significance-of-the-new-eos-tokenomics-model">The significance of the new EOS tokenomics model</h2>
 <p class="paragraph">Yves La Rose, Founder and CEO of the EOS Network Foundation, emphasized the significance of the new changes, stating:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“This new tokenomics model represents a landmark occasion for the EOS community. By establishing a fixed token supply and introducing new mechanics, we are ensuring a sustainable and prosperous new era for the EOS ecosystem. This strategic overhaul will not only stabilize the token economy but also incentivize active participation and growth within the network.”</p>
 </blockquote>
 <p class="paragraph">The ENF remains steadfast in its mission to drive innovation and growth within the EOS Network.&nbsp;</p>
 <p class="paragraph">The tokenomics update is thus a vital step toward unlocking the full potential of the blockchain, setting the stage for a dynamic and robust economic environment.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/eos-network-approves-new-tokenomics-model-to-enhance-its-economic-potential-tbt90737.html">https://thebittimes.com/eos-network-approves-new-tokenomics-model-to-enhance-its-economic-potential-tbt90737.html</a></p>

EOS Network approves new tokenomics model to enhance its economic potential

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