EVMOS HALF LIFE - Happening Tomorrow. Hello Explorers.
31 May 2023, 17:05
🔥 EVMOS HALF LIFE - Happening Tomorrow! 🔥
Hello Explorers! Tomorrow will be a historic day in Evmos history, as the chain will go through its first Half Life event. As many of you are already aware, the first year of Evmos was highly inflationary, but that is about to change!
🕔 Time: Epoch 457 - June 1st, 7PM UTC
The inflation distribution for staking, usage incentives and community pool is implemented through an exponential formula, a.k.a. the Half Life. Every year, the inflation halves, with a target to issue 1 billion Evmos tokens in 4 years.
Once the halving occurs, inflation will be "cut" in half, resulting in a 50% reduction in new token issuance!
Learn More 👉 Evmos token model
HAPPY HALVING EVERYONE! 🎉