The new EOS token economic model is expected to be deployed to the mainnet by the end of May, and EOS staking rewards will be launched by the end of June
2024-05-09 03:19:57
Odaily News Yves La Rose, CEO of EOS Network Foundation (ENF), said in a post on X platform: “Our current goal is to complete the coding, auditing, testing and submission of the new EOS token economic model as an MSIG (multi-signature proposal) so that it can be deployed to the mainnet by the end of May. After this initial activation phase, our goal is to launch EOS staking rewards by the end of June.” Earlier news, Yves La Rose proposed a new token economics on the X platform, the main points of which include: - 80% of the total future supply will be destroyed; - Inflation will be turned off; - The supply cap will be set at 2.1 billion tokens; - A 4-year halving cycle; - About 950 million EOS will be minted; - Staking rewards associated with lock-ups; - Support for the RAM market.
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