MultiversX has sparked a heated discussion in the crypto community with its latest governance proposal aimed at altering the EGLD supply dynamics. According to the results published in the material, the suggested changes, which include removing the existing supply cap and introducing a new tail inflation rate, have raised eyebrows among investors and stakeholders alike.
Proposal Overview
The proposal, presented by Robert Sasu during The Foundry event on October 3, 2023, advocates for the elimination of the EGLD supply cap and the implementation of a 9.47% annual tail inflation rate. The MultiversX Foundation argues that these adjustments are essential for fostering growth, enhancing liquidity, and ensuring the long-term sustainability of the network.
Community Reactions
Despite the Foundation's rationale, the proposal has generated mixed reactions within the investor community. Many are expressing concerns regarding potential trust issues and the risks of dilution that could arise from such significant changes to the tokenomics of EGLD. As discussions continue, the outcome of this proposal could have lasting implications for the future of the MultiversX ecosystem.
In a related development, market analysts have reacted to Upbit's recent report on Zilliqa's increased circulating supply, which has raised concerns about market dynamics. For more details, see Zilliqa's supply increase.
