According to Odaily, Yves La Rose, CEO of the EOS Network Foundation (ENF), has announced on platform X that the new token economics proposal for the EOS network has been officially approved. This proposal will halt inflation and destroy 80% of the future total supply of EOS. The code deployment will take effect on June 1.
The total future quantity of EOS will be fixed at 2.1 billion. This significant reduction in the future supply of EOS is expected to have a substantial impact on the token's economics. The decision to halt inflation and reduce the total supply is a strategic move by the EOS Network Foundation to stabilize the token's value and ensure its sustainability in the long term.
The implementation of the new token economics proposal is a significant development for the EOS network. It demonstrates the foundation's commitment to maintaining the stability and sustainability of the EOS token. The changes are set to take effect from June 1, marking a new chapter in the EOS network's journey.