EOS votes to burn $167 million in tokens in preparation for drastically reducing inflation114

Over 34 million EOS worth $167 million was permanently removed from circulation. The move is part of an initiative to drastically lower the inflation rate on the protocol from 5 to 1 percent.

On July 31, 2018, 15 or more of EOS’s 21 block producers passed an initiative to burn $167 million EOS sitting idle in the platform’s savings account.

Original source
https://cryptoslate.com/eos-votes-to-burn-167-million-in-tokens-in-preparation-for-drastically-reducing-inflation/

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