🚨 A historic turning point for OSMO: inflation completely halted!
Inflation for the OSMO token has officially been halted following the successful passage of Proposal No. 1053, with 91.1% approval.
What changed?
The token went from issuing 91,324 new tokens per day to minting zero new tokens!
Impact on the token:
Staking rewards: These now come directly from protocol revenue instead of new inflationary issuance.
Supply contraction: Every OSMO burn from now on will directly reduce the total supply, strengthening the token’s long-term deflationary value proposition.
A new era begins for OSMO, bringing greater scarcity! 🚀
#Binance #BinanceSquare #CryptoNews
#CryptoUpdate #BinancePick
$OSMO
Inflation for the OSMO token has officially been halted following the successful passage of Proposal No. 1053, with 91.1% approval.
What changed?
The token went from issuing 91,324 new tokens per day to minting zero new tokens!
Impact on the token:
Staking rewards: These now come directly from protocol revenue instead of new inflationary issuance.
Supply contraction: Every OSMO burn from now on will directly reduce the total supply, strengthening the token’s long-term deflationary value proposition.
A new era begins for OSMO, bringing greater scarcity! 🚀
#Binance #BinanceSquare #CryptoNews
#CryptoUpdate #BinancePick
$OSMO
