New Era

Rose

Foundation

Yves La Rose, CEO of the EOS Network Foundation, announced that a community proposal was approved to cap the EOS supply at 2.1 billion tokens and burn the excess. 
Once implemented, the proposal will burn nearly 80% of the total <a href="https://crypto.news/price/eos/" data-type="link" data-id="https://crypto.news/price/eos/" rel="">EOS</a> supply, primarily from future emissions, setting a fixed supply limit of 2.1 billion tokens instead of 10 billion. 
The EOS Network Foundation represents the EOS community and took control from Block.one in 2021. 
The foundation had previously presented a multi-signature proposal to establish this fixed supply and gained approval from at least 15 of the 21 EOS block producers. 
“The EOS Network has reached consensus to approve the tokenomics proposal,” La Rose wrote in an X post. 
The initial update is expected to be implemented in the coming months. EOS currently has a circulating supply of 1.15 billion tokens, representing 54% of the total planned supply. 
Additionally, La Rose outlined in his post that 950 million EOS tokens will be minted to support ecosystem growth and activities such as rewarding stakers and block producers. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The <a href="https://twitter.com/hashtag/EOS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#EOS</a> Network has reached consensus to approve the tokenomics proposal! ❎ Inflation ✅ Fixed Token Supply ✅ 80% Reduction in FDV ✅ 4 yr <a href="https://twitter.com/search?q=%24EOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$EOS</a> Halvings ✅ <a href="https://twitter.com/search?q=%24RAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$RAM</a> Market Support This marks a New Era for <a href="https://twitter.com/search?q=%24EOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$EOS</a>!— Yves La Rose (@BigBeardSamurai) <a href="https://twitter.com/BigBeardSamurai/status/1796370991880294746?ref_src=twsrc%5Etfw" target="_blank" rel="">May 31, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
 You might also like: <a href="https://crypto.news/sahil-aroras-alleged-rug-pulls-prompt-wecare-foundations-support/" rel=""> Sahil Arora’s alleged rug pulls prompt WeCare Foundation’s support </a> 
Under the leadership of Yves La Rose, the EOS Network Foundation was founded in August 2021 as a community-backed group and revealed a new roadmap for the EOS ecosystem. 
EOS was originally created by Block.one and first gained awareness when it raised $4 billion during its initial coin offering (ICO) from 2017 to 2018. 
The <a href="https://crypto.news/tag/eos/" data-type="link" data-id="https://crypto.news/tag/eos/" rel="">EOS</a> Network Foundation, brought together under La Rose’s leadership in 2021, is a non-profit organization that seeks to support the EOS Network and its community. 
The foundation and Block.one has had prior conflicts, with the foundation alleging that Block.one did not reinvest considerable ICO funds back into the EOS Network as promised. 
 Read more: <a href="https://crypto.news/altcoin-etf-season-which-crypto-fund-is-next/" rel=""> Altcoin ETF season: which crypto fund is next? </a>

EOS Network Foundation to cap token supply at 2.1b

crypto.news

31 May 2024 tarihli diğer yazılar

Cardano Faces Price Decline Despite DeFi Growth

Iggy Azalea’s MOTHER token launches on Solana, surges 230x in value

Juventus Fan Token Offers Unique Engagement Opportunities

Upbit Lists BEAM for Trading

Bitget Pioneers Meme Revolution at MEMECON 2024: ‘The Mona Lisa Was a Meme’ says COO

Vitalik Buterin Cautions Community Against Crypto Scams

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!