Altcoin Community Approved the Proposal to Burn 80 Percent of the Supply!

The supply of the well-established cryptocurrency EOS (EOS) will be limited to 2.1 billion tokens.

EOS CEO Yves La Rose announced that the supply was limited to 2.1 billion as a result of the vote held before the community. La Rose X stated the following in her post:

The EOS Network reached consensus to approve the tokenomics proposal.

Once this proposal is implemented, approximately 80% of the total EOS supply will be burned, starting from future emissions first, reaching a fixed supply limit of 2.1 billion EOS instead of 10 billion.

15 of the 21 EOS block producers who participated in the proposal voted in favor of the limited supply.

EOS currently has a circulating supply of 1.15 billion tokens, representing 54% of the total planned supply. Approval of the offer did not have much of a positive impact on the price.

According to CoinGecko data, EOS, which has increased by 2% in the last 24 hours, is traded at $ 0.8118 at the time of writing.