The strategic decision by the EOS Network Foundation to cap the total supply of EOS coins at 2.1 billion units signifies a proactive step towards enhancing the network's sustainability and aligning with community-driven priorities. Spearheaded by CEO Yves La Rose, the Foundation's move to implement a fixed supply limit and burn excess coins is set to reshape the tokenomics landscape, fostering increased value and scarcity for existing EOS coins. This shift in the ecosystem's governance model highlights the importance of decentralized decision-making and community involvement in driving blockchain network strategies.
Strategic Positioning of EOS Network Foundation with Coin Supply Initiative

by Giorgi Kostiuk
2 years ago

Other news
Guidelines for Identifying and Preventing RWA Project Scams

Guidelines for identifying and preventing scams in RWA projects to help investors verify asset authenticity and protect themselves.

GPUs Recognized as Essential Commodity for AI Applications

GPUs have emerged as a new commodity essential for AI applications, comparable to traditional resources, highlighting their value in the digital age.

Ita Asset Management Recommends Clients to Explore Bitcoin Investment Opportunities.

Ita Asset Management has recommended that clients hold 1 to 3% of their portfolios in Bitcoin for the upcoming year.

MyPrize Improves Payment Processing through Integration with Avalanche Blockchain.

MyPrize has integrated the Avalanche blockchain into its payment and settlement infrastructure, allowing for on-chain prize redemptions and tracking.

Crystalfall's Server Slam Will Introduce a New Technomancer Class.

Crystalfall's Server Slam will introduce the new Technomancer class, featuring staff-based combat and a blend of technology with elemental abilities.

Avalanche Blockchain Drives Innovations in Global Payments

Avalanche is gaining traction among major financial institutions for its potential in stablecoin and tokenized payment settlements, enhancing payment efficiency and integrating with traditional financial systems.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter