The CEO of EOS announced in his statement that EOS inflation will be reduced.
In the statement, there are also details that the supply of the coin will be limited to 2 billion. EOS currently has a supply of 1.118 billion.
After the announcement, the EOS price experienced a 12 percent increase.
Although EOS was one of the popular altcoins in the past years, it has fallen out of favor recently.
EOS, which was even among the top 10 cryptocurrencies for a while, currently ranks 85th.