EOS has launched Antelope Spring Beta-1 on its Jungle testnet, which promises improved performance, security, and community engagement.

This release is the first step towards a final version scheduled for July 10th, followed by a hard fork on July 31st.

The upgrades include the Savanna Consensus Algorithm, which aims to increase the speed and efficiency of the EOS network by over 100 times, while also enhancing security and resilience against vulnerabilities.

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⚡️ Coin of the day by social activity - EOS ($EOS )

EOS is a blockchain-based, decentralized platform used to develop, host, and run business applications, or dApps.

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EOS Network Prepares for Groundbreaking Tokenomics Upgrade: 80% Burn of Future Total Supply In Sight

EOS, a veteran blockchain, is poised for its most significant tokenomics upgrade to date, aiming to enhance scarcity and investor appeal.

In a bold move, the EOS Network Foundation has announced a radical adjustment to EOS's economic design, set to take effect on June 1, 2024. This overhaul includes an 80% reduction in the fully diluted valuation (FDV) of EOS, dropping the token supply from 10 billion to 2 billion.

Furthermore, the update introduces four-year halving cycles to regulate token distribution, ensuring a controlled release and fostering predictability in EOS tokenomics. This strategic shift aims to make EOS more resilient to market pressures and enhance its attractiveness to investors.

To support the growth of the EOS dApps ecosystem, validators have allocated funds for middleware tooling, focusing on improving EOS usability and bridging the gap between Web2 and Web3 experiences.

Yves La Rose, founder and CEO of the EOS Network Foundation, emphasizes the significance of this upgrade in shaping EOS's future:

"This new tokenomics model marks a pivotal moment for the EOS community. With a fixed token supply and innovative mechanics, we're paving the way for a sustainable and prosperous ecosystem. This strategic overhaul will not only stabilize the token economy but also drive active participation and growth."

Additionally, EOS validators have launched a 350 million EOS fund to enhance the protocol's RAM market, ensuring sufficient supply and liquidity. The introduction of high-yield staking rewards aims to incentivize long-term commitment and participation in the network.

As EOS prepares to enter this new era, the community eagerly anticipates the positive impact of these upgrades on the network's sustainability and growth. $EOS

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Disclaimer:
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🔥 😡 It is dead? Noooway! 😱 🔥

Introducing one of the hottest crypto project since 2017, EOS Network (EOS)! $EOS

Another 20x #crypto project to mega pump your portfolio in next bull run. 🚀

#EOSNetwork is a blockchain-based platform that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps). 🧑‍🎨 It is designed to address the scalability issues faced by first- and second-generation blockchains, such as Ethereum.

Why EOS? 🤔

1. 🚄 Speed: Parallel transaction processing system and delegated proof-of-stake (DPoS) consensus mechanism, which allows for thousands of transactions per second to be processed.

2. 💰 Rewards: A resource-based pricing model that rewards developers for creating efficient dApps.

3. 🐘 High scalability: Can process thousands of transactions per second, making it suitable for large-scale dApps.

4. 💁‍♂️ Low fees: Transactions are very inexpensive, making it affordable for users to interact with dApps.

5. 🍞 User-friendly: Designed to be easy to use for both developers and users.

6. 🔒 Secure: Use a number of security features to protect users and their assets.

7. 🍱 Ecosystem: Currently 88 projects building within the ecosystem including AeDEX, Alcor, BBS Network, Boid, Chintai, Bywire, DefiLlama, Upland, Wombat, zEOS and more.

#EOS token is the 🪙 native cryptocurrency of the EOS network. It is a utility token, meaning that it is used to 🍔 pay for resources on the EOS network, such as bandwidth and storage. EOS token holders also have 👫 governance rights, meaning that they can vote on proposals to change the EOS network. It was created in 2017 through an initial coin offering (ICO) that raised over $4 billion. The EOS ICO was one of the 🐳 largest crowdfunding events in history.

Conclusion, the EOS network is a blockchain with the combination of speed, performance and resilience. ✨😉

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