TechFlow news: The core team of Layer-1 blockchain Evmos has proposed a new token burning mechanism. Key points include:
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Burning all Cosmos transaction fees in accordance with the announcement deprecating the Cosmos transaction format;
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Burning 100% of the EIP-1559 BASEFEE from unregistered contracts into the EVMOS Revenue (a.k.a. CSR) module;
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Destroying approximately 132.3 million EVMOS tokens from the Incentives Pool account (the second largest account);
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Deprecating the Incentives module to reduce blockchain storage;
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Setting the allocation from the Incentives Pool account (currently 33.3%) to zero (0%) to prevent further token accumulation;
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Reducing token issuance (inflation) by one-third, from approximately 26.7% to approximately 17.8%, as token allocations for incentives are no longer needed.
