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
SEC and CFTC Chairmen to Hold Joint Event on Cryptocurrency Regulation

SEC Chairman Paul Atkins and CFTC Chairman Mike Selig will hold a joint public event to discuss regulatory coordination in the cryptocurrency sector.

Justin Sun's $8M Investment Boosts River Token to New High

Justin Sun's $8 million investment in the DeFi project River led to a 24% increase in the RIVER token's value, reaching an all-time high of $49, though analysts warn of potential volatility due to leveraged trading.

PI Token Experiences Brief Recovery Amid Market Volatility

The PI token has seen a temporary increase in value, gaining 4.98% over the last 24 hours. It reached a high of 0.1892 before currently trading at 0.1871. Despite this brief bullish shift, the overall market sentiment remains bearish.

Litecoin Demonstrates Strong Historical Cyclicality

Litecoin has shown repeated recovery patterns during late-cycle rotations, positioning it as a reliable asset.

Avalanche Enters Consolidation Phase with Strong Institutional Interest

Avalanche is undergoing a prolonged consolidation phase while maintaining consistent subnet usage and institutional pilots.

Hyperliquid Maintains Exceptional Liquidity Amid Market Changes

Hyperliquid has shown outstanding derivatives volume despite reduced retail activity, indicating a stable market structure.

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