The EOS community is pressing for the cryptocurrency’s annual inflation rate to be reduced. Right now, EOS experiences a yearly inflation rate of 5%, which could rapidly devalue the token. But thanks to a new campaign, EOS could see its annual inflation rate fall to 1%—assuming that the campaign actually succeeds, that is.

Overwhelming Initial Support

Right now, a vote is being carried out via EOS Referendum, and virtually 100% of participants have voted in favor of reduced inflation, as this will ensure their EOS holdings maintain a reasonably high value. Many of the block producers that power EOS support this as well. Even Dan Larimer, the creator of EOS, strongly supports the change.

That said, this is merely a poll at the moment. A referendum that actually has the power to change things is still forthcoming, and not everyone is in favor of the change. Some block producers have voted against the idea, potentially because their revenue comes directly from inflation. However, the poll itself says block producer rewards…

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Source: https://thebitcoinnews.com/eos-may-slash-inflation-and-burn-100-million-of-unused-crypto/