BREAKING: EOS CEO Announces that EOS's Inflation Will Be Reduced, Price Reacts

The CEO of EOS announced in his statement that EOS inflation will be reduced.

– Turn off inflation
– Mint ~818M EOS
– Cap EOS supply at 2B tokens
– Release newly minted tokens over period of time with aggressive release in the beginning tapering over time (logarithmic curve).

Diluting unactive holders, rewarding those who still are.

— Yves La Rose (@BigBeardSamurai) February 23, 2024

In the statement, there are also details that the supply of the coin will be limited to 2 billion. EOS currently has a supply of 1.118 billion.

After the announcement, the EOS price experienced a 12 percent increase.

Although EOS was one of the popular altcoins in the past years, it has fallen out of favor recently.

EOS, which was even among the top 10 cryptocurrencies for a while, currently ranks 85th.