EOS (CRYPTO:EOS), a blockchain ecosystem, is making a significant pivot towards a fixed supply of 2.1 billion tokens, integrating halving cycles into its economic model.
This strategic move comes in response to both internal consensus within the EOS community and an attempt to redefine its standing following previous regulatory hurdles and ongoing scepticism within the cryptocurrency community.
The EOS Network Foundation (ENF) announced the transition as a leap into a "new era" for both EOS tokenholders and developers, signaling a departure from its initially inflationary token supply model that capped at 10 billion EOS tokens.
The overhaul aims at addressing inflation concerns by drastically cutting the fully Diluted Value (FDV) of EOS by 80%, in addition to initiating four-year halving cycles akin to those employed by Bitcoin (CRYPTO:BTC) to manage token supply.
Furthermore, the EOS ecosystem is looking to attract and retain investors through the introduction of "high-yield staking rewards," featuring lockup mechanisms to possibly enhance token value and ecosystem stability, although specific yield details remain undisclosed.