Bittime - EOS Network Foundation (ENF) has just announced the start of the tokenomics transformation of the EOS token . This announcement marks an important first step by detailing the first part of the new economic model.
This series of announcements will explain various aspects of the updated token economy, which aims to drive stable and predictable growth in the EOS ecosystem.
Unlocking New Economic Potential
This marks an important milestone for the EOS blockchain, introducing fundamental changes to its token economics. This proposed update aims to meet the goals outlined in the previously released “New EOS Token Economics Proposal”. This proposal focuses on stabilizing and predictably growing the EOS token economy by implementing a fixed supply model.
Check Today's Crypto Market:
| BTC/IDR | SOL/IDR |
| ETH/IDR | USDT/IDR |
| JUP/IDR | ARB/IDR |
Changing the EOS Ecosystem
The first part of the new token economy includes several key changes:
Token Supply Restrictions
The most fundamental change is limiting the total number of EOS tokens to 2.1 billion. Previously, EOS supply was unlimited, and this new policy marks a significant shift. By limiting supply, ENF aims to increase the scarcity of EOS tokens and potentially drive the price up.
Vesting Schedule Implemented
ENF also announced the implementation of vesting schedules for several key entities in the EOS network. These include EOS block producers, Stake Reward , the EOS Network Foundation (ENF) itself, and network custodians such as EOS Labs.
A vesting schedule is a mechanism that gradually releases allocated tokens over a certain period. The goal is to prevent large token sales that could negatively impact the price of EOS.
Strategic Fund Allocation
In addition to the above changes, ENF allocated funds for the purchase of 35 million EOS in RAM, and 315 million EOS for RAM market creation. RAM (random access memory) is a critical resource in the EOS network, and this funding allocation shows ENF's commitment to maintaining and stabilizing the RAM market.
With a healthy RAM infrastructure, developers can build decentralized applications ( dApps ) more smoothly on the EOS network.
Also Read How to Buy Crypto:
Towards a Stronger EOS Ecosystem
Overall, the ENF announcement marks an important first step towards a more stable and predictable EOS token economy.
By limiting token supply, implementing vesting schedules , and strategically allocating funds, ENF seeks to create an environment more conducive to the long-term growth of the EOS ecosystem. It is hoped that these changes will attract more users and developers to the network, while driving the utility and value of the EOS token.
Check Crypto Prices Today:
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Antelope EOS Upgrade, Here's the Impact on the Network!
EOS Network Foundation Proposes Major Tokenomics Overhaul, Check Out the Changes!
Latest EOS Token Economic Model Ready to Roll Out to Mainnet Before the End of May!
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.