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.
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