“Make EOS great again” is the motto of the EOS Network Foundation, which recently approved a proposal for a 2.1 billion token limit📢

According to the May 31 announcement, EOS will burn 80% of its future token supply, moving from an inflationary token with a cap of 10 billion to a fixed supply of 2.1 billion.🔥

This is just the beginning. The tokenomics update also includes the introduction of four-year halves, like Bitcoin. The new tokenomics model is "designed to improve the economic potential of the EOS ecosystem" and marks a "New Era for EOS".🚀

The proposal put forward by ENF head Yves La Rose was accepted by the majority of EOS block producers.

“High liquidity with expectations of inflation increases the difficulty of market creation, and the market value of EOS continues to decline,” the proposal states, highlighting the need for such a change.

EOS launched with a 1 billion token supply and 5% annual inflation in 2018.

By reducing the fully diluted value (FDV) of its token by a gigantic 80%, ENF hopes to eliminate inflation and improve long-term value for the EOS community.

The introduction of halving cycles, in turn, is intended to moderate the influx of tokens into the market. Of the fixed supply of 2.1 billion, 1.15 billion are already in circulation (54% of the total supply).