Polkadot DAO Approves 2.1B DOT Supply Cap Amid Market Decline
Polkadot's DAO has approved a new tokenomics model that caps the supply of DOT tokens at 2.1 billion, aiming to prevent inflation. However, the market reacted negatively, with DOT's price dropping nearly 5% to $4.37, despite the governance proposal's potential long-term benefits.
Polkadot DAO Approves 2.1B DOT Supply Cap Amid Market Decline
Polkadot's DAO has approved a new tokenomics model that caps the supply of DOT tokens at 2.1 billion, aiming to prevent inflation. However, the market reacted negatively, with DOT's price dropping nearly 5% to $4.37, despite the governance proposal's potential long-term benefits.
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