EOS hit a 52-week price high, briefly reaching 1.15 USDT

$EOS price pump23.51%, EOS Network announced to be selected in COIN50 index gate news: EOS Network announced its inclusion in the Coinbase 50 Index (COIN50). Coinbase has launched the 'COIN50' new index, which represents the top 50 digital assets listed on its trading platform that meet the basic inclusion criteria of the index. These assets can be traded as perpetual futures with leverage of up to 20 times. As a result, EOS has reached a new high since April 2024. gate data shows that the price of $EOS has pumped 23.51% in the past 24 hours, with the current price at $1.13, Market Cap at $1.72B, and 24-hour trading volume at $42.94M.

PANews May 31st news, Yves La Rose, CEO of the EOS Foundation, announced on the X platform that the new token economic model proposal for EOS has been officially approved. This proposal will close inflation and destroy 80% of the future total supply of EOS. The code deployment will take effect on June 1st, and the total supply of EOS in the future will be fixed at 2.1 billion tokens. Previously, it was announced that the EOS Network Foundation has launched a new multi-signature proposal, involving significant changes in tokenomics. The proposal includes fixing the total supply of EOS at 2.1 billion tokens, introducing a token vesting schedule, and allocating 35 million EOS for RAM purchases and market making. The proposal requires approval from at least 15 out of 21 EOS block producers. The first update will be implemented after June 1st, and subsequent improvements will involve high-yield stake rewards for REX 2.0.

Gold Finance reported that according to on-chain data, the new tokenomics proposal for the EOS network has been officially approved. This proposal will close inflation and destroy 80% of the future total supply of EOS. The code deployment will take effect on June 1st. The future total supply of EOS will be fixed at 2.1 billion tokens.

EOS network foundation announced the first part of the new EOS tokenomics: limiting the total supply of EOS tokens to 21 billion. EOS The EOS Network Foundation (ENF) has released the first part of the new EOS tokenomics series, which will cover different aspects of the new economic model, aimed at stabilizing and predictably growing the EOS token economy. The first round of changes includes: limiting the total supply of EOS tokens to 2.1 billion; introducing a vesting schedule for network custodians such as EOS block producers, Stake Rewards, EOS Network Foundation (ENF), and EOS Labs; allocating funds to purchase 35 million EOS in RAM and 3.15 billion EOS for RAM liquidity.

PANews May 29th News, EOS Network Foundation announced that a new multi-signature proposal has been launched, involving significant changes in tokenomics. The proposal includes fixing the total supply of EOS at 2.1 billion, introducing a token vesting schedule, and allocating 35 million EOS for RAM purchases and market making. The proposal requires approval from at least 15 out of 21 EOS block producers. The first update will be executed after June 1st, and subsequent improvements will involve high-yield stake rewards for REX 2.0.

EOS Foundation announced on May 29th that the release of EOS_Contracts v3.4.0 introduces fundamental changes to its tokenomics. The first round of proposed changes will only take effect if at least 15 out of the 21 EOS Block Producers (BPs) successfully approve the multisignature (MSIG). The main proposed changes include limiting the total number of EOS tokens to 2.1 billion. The second part of the content is to explore the transition to REX 2.0. With the implementation of REX 2.0, it is expected that the EOS staking rewards will start at the end of June. The upcoming changes aim to enhance resource exchange (REX) by transferring system fees to Block Producers (BP) and changing the REX staking lock-up period from 4 days to 21 days.