$EOS

Updated 24/7

June 1, 2024

Part 2

4 OUT OF 5 EOS WILL BE BURNED UNDER THE NEWLY APPROVED PROPOSAL

- According to the ENF CEO, an approved community proposal would see the EOS supply limited to just 2.1 billion tokens.

- To facilitate this, the remaining tokens from EOS's current 10 billion supply will be burned, resulting in a staggering supply reduction of nearly 80%.

- The new proposal could see a resurgence of interest in the EOS ecosystem itself, which despite raising $4 billion via ICO in 2017/18 has largely fallen out of favor with the community crypto.

- EOS Foundation took over project management from controversial company Block One in 2021.

- The fund saw conflicts with the project's previous management, amid allegations that Block One did not invest the majority of its $4 billion ICO funds into the ecosystem.

https://x.com/BSCNews/status/1796488587283734744