EOS Network Foundation announces first part of new EOS token economics, staking rewards expected to start at the end of June

According to official news, the EOS Network Foundation (ENF) announced the first part of the new EOS token economics. The release of EOS System Contract v3.4.0 marks a watershed for the EOS blockchain and brings fundamental changes to its token economy. These proposed updates are designed to meet the needs of the previously released new EOS token economics proposal, aiming to stabilize and predictably grow the EOS token economy by implementing a fixed supply model. The main changes proposed include: Transition to a fixed token supply: limit the total amount of EOS tokens to 2.1 billion. Token unlocking schedule: introduce a vesting schedule for EOS block producers, Stake Rewards, EOS Network Foundation (ENF) and network custodians such as EOS Labs. Instant Liquid Tokens: Allocate funds to purchase 35 million EOS in RAM, and 315 million EOS for RAM market making. Note: The first round of changes detailed here will only take effect after at least 15 of the 21 EOS block producers (BPs) successfully approve the multi-signature (MSIG). Additionally, in part two of the EOS Token Economics series, the Foundation will delve into the proposed transition to REX 2.0, which will launch high-yield staking rewards for EOS token holders who lock up their stake. With the implementation of REX 2.0, EOS staking rewards are expected to begin by the end of June. The transition to REX 2.0 is contingent upon the successful implementation of the changes introduced in the first MSIG of system contracts v3.4.0, as described in this article. The upcoming changes are intended to enhance the Resource Exchange (REX) by: Transferring system fees to block producers (BPs) Irrigation by depositing rewards into REX Changes in REX staking lockup period from 4 to 21 days These changes are intended to enhance the functionality and flexibility of REX, providing more robust and predictable returns to participants.