The update aims to create a more stable and sustainable economic system for the EOS Network.
EOS Network Foundation (ENF) announced today the adoption of a new tokenomics model for the EOS Network. Set for implementation on the mainnet tomorrow, the new token model introduces a fixed supply of 2.1 billion EOS tokens, moving away from the previous inflationary model with a 10 billion cap.
“The choice of 2.1 billion tokens is strategically chosen to parallel Bitcoin’s cap of 21 million, enhancing the appeal and stability of EOS,” the ENF noted in a discussion about the new tokenomics proposal last month.
The transition aims to create a more stable and predictable economic environment for the network. Additionally, the Fully Diluted Value (FDV) of EOS will see an 80% reduction, aligning with the new structure and improving the value proposition for token holders.
To regulate the flow of new tokens into the market, the EOS Network will incorporate four-year halving cycles. Middleware operations will receive immediate funding to enhance the EOS user experience, bridging the gap between traditional web and decentralized web3 services.
As noted, the ENF will allocate 350 million EOS to boost the RAM market, ensuring adequate supply and liquidity to support growth and accessibility.
Moreover, the network will introduce high-yield staking rewards and modify the staking lockup period to encourage users to hold onto their EOS tokens and participate actively in the network.
Yves La Rose, Founder and CEO of the EOS Network Foundation, believes this new tokenomics model will lead to a more stable, secure, and prosperous future for the EOS ecosystem.
“This new tokenomics model represents a landmark occasion for the EOS community. By establishing a fixed token supply and introducing new mechanics, we are ensuring a sustainable and prosperous new era for the EOS ecosystem. This strategic overhaul will not only stabilize the token economy but also incentivize active participation and growth within the network,” he stated.
Launched in 2017, the EOS Network is a decentralized blockchain platform prioritizing high performance, flexibility, security, and developer freedom. The EOS Network Foundation serves as a central hub, fostering growth, coordinating support, encouraging community involvement, and identifying investment opportunities within the EOS ecosystem.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoBriefing – https://cryptobriefing.com/eos-new-tokenomics-model-update/
