Contrary to initial reports, EOS will not be burning half of its token supply. EOS Foundation CEO Yves La Rose's cryptic "EOS:2" post led to speculation, but the latest updates clarify a different direction for EOS's financial strategy. Instead of a token burn, EOS plans to halt inflation, mint 818 million new tokens, and cap the total supply at 2 billion tokens. This strategy includes aggressive token market launches initially, followed by a reduction in activity following a logarithmic curve. This announcement has significantly impacted the market, with EOS experiencing a 27% price increase, trading at $1.32, showcasing a potential revival in investor interest after years of underperformance.
