🚨 A historic proposal to make Osmosis ($OSMO ) a deflationary token! 🚨
Osmosis has announced a new proposal aimed at completely ending inflation for its $OSMO token:
🔹 Eliminate inflation: Reduce the number of new tokens minted each day to zero (instead of minting 91,324 tokens per day).
🔹 Deflationary shift: At the current burn rate, around 2% of the total supply would be burned annually, with no new tokens issued to replace them.
🔹 Staking rewards: These would rely entirely on actual protocol revenue instead of new token issuance.
🔹 Vote: The proposal is currently under discussion and is expected to go to an on-chain vote on October 20.
📉 Expected impact on $OSMO :
1️⃣ Strong bullish impact: Shifting from an inflationary to a deflationary token would steadily reduce the supply available on the market, potentially boosting its value in the medium to long term if demand remains stable or increases.
2️⃣ Genuine sustainability: Relying on protocol revenue for staking rewards would make the token’s economic model stronger and more stable, avoiding excessive inflation.
#osmo #OSMOSIS #CryptoNews #bullish
$OSMO #TopGainers
Osmosis has announced a new proposal aimed at completely ending inflation for its $OSMO token:
🔹 Eliminate inflation: Reduce the number of new tokens minted each day to zero (instead of minting 91,324 tokens per day).
🔹 Deflationary shift: At the current burn rate, around 2% of the total supply would be burned annually, with no new tokens issued to replace them.
🔹 Staking rewards: These would rely entirely on actual protocol revenue instead of new token issuance.
🔹 Vote: The proposal is currently under discussion and is expected to go to an on-chain vote on October 20.
📉 Expected impact on $OSMO :
1️⃣ Strong bullish impact: Shifting from an inflationary to a deflationary token would steadily reduce the supply available on the market, potentially boosting its value in the medium to long term if demand remains stable or increases.
2️⃣ Genuine sustainability: Relying on protocol revenue for staking rewards would make the token’s economic model stronger and more stable, avoiding excessive inflation.
#osmo #OSMOSIS #CryptoNews #bullish
$OSMO #TopGainers