EOS Cryptocurrency Updates Its Tokenomics – What Are the New Features?

EOS has unveiled an update to its tokenics, highlighting several new features on its official website.

1. High Profit Staking Rewards: Stake your tokens to earn greater returns through compounded annual percentage rate (APY), allowing profits to increase over time.
2. Extended Blocking Period: The time frame for unlocking tokens has been extended from 4 to 21 days, which increases the stability and security of the ecosystem.
3. Simplified participation: The previous voting requirements for electing 21 miners or proxies have been removed and a user-friendly interface has been introduced that makes staking a hassle-free process.
4. Improved incentives for producers: Miners now receive additional fees generated by the network along with the block rewards, which provides additional incentives for growing demand on the network.

On the official website noted also that on July 8, 2024, 250 million EOS tokens will begin entering the staking pools. Despite this significant development, the price of the altcoin did not show much reaction.

In the last 24 hours EOS saw a 0.88% increase in value, bringing the market capitalization to $873 million.