From Investing.com: 2024-05-31 14:21:44

The EOS community’s Network Foundation approved a new tokenomics model to enhance the economic potential of the EOS ecosystem. This transition includes reducing the Fully Diluted Value of EOS by 80%, introducing four-year halving cycles, and allocating funds to support middleware operations. Staking rewards and lockup adjustments aim to incentivize network participation and stability.

The model also includes setting aside 350 million EOS to support the RAM market, ensuring ample liquidity. Yves La Rose, Founder of the EOS Network Foundation, believes these changes will stabilize the token economy and promote growth and innovation within the network. The model aligns interests within the EOS ecosystem, encouraging long-term commitment and collaboration for positive growth.

Established in 2021, the EOS Network Foundation supports an open technology environment, engaging stakeholders and providing ecosystem funding. The EOS Network, a third-generation blockchain platform, powers near-feeless transactions and supports Web3 applications. In 2022, EOS, Telos, WAX, and UX Network united to lead the development of the EOSIO protocol core code, now overseeing the community-run blockchain protocol called Antelope.

Read more at Investing.com: EOS Network adopts new tokenomics model in major overhaul By Investing.com