Proposal to cap EOS supply at 2.1 billion approved, says EOS Network Foundation CEO

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Proposal to cap EOS supply at 2.1 billion approved, says EOS Network Foundation CEO
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EOS Network Foundation’s CEO said a community proposal to cap the EOS supply at 2.1 billion tokens was approved.

Yves La Rose, CEO of the EOS Network Foundation, said a community proposal was approved to cap the EOS supply at 2.1 billion tokens and burn the excess.

“The EOS Network has reached consensus to approve the tokenomics proposal,” La Rose wrote in an X post.EOS currently has a circulating supply of 1.15 billion tokens, representing 54% of the total planned supply. Under the leadership of Yves La Rose, the EOS Network Foundation was established in August 2021 as a community-backed group and announced a new roadmap for the EOS ecosystem.

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