Summary
- Polkadot DAO passed governance proposal 1710 to limit token supply to 2.1 billion with 81% support.
- With the passage of the proposal, the existing unlimited issuance model is expected to be replaced by a capped supply structure.
- A new tokenomics is expected to be applied in which new token issuance decreases every two years.
Polkadot (DOT)'s decentralized autonomous organization (DAO) is moving to cap the token supply.
On the 15th (Korean time), according to Cointelegraph's X (Twitter), Polkadot DAO passed governance proposal 1710 to cap the supply of Polkadot tokens at 2.1 billion with 81% support.
Accordingly, instead of the previous unlimited issuance model that issued 120 million Polkadot tokens annually, a new tokenomics is expected to be applied that reduces new token issuance every two years.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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