Aptos token holders have voted to cap the total supply of APT tokens at 2.1 billion, marking a significant shift in the network's governance. The decision, finalized on March 1, introduces a fixed limit on the number of tokens, replacing the previous model that allowed unlimited issuance. The proposal received overwhelming support, with 335.2 million APT tokens backing the change and only 1,500 opposing it. Participation reached 39% of eligible voting power, surpassing the 35% threshold required for validity.
The approved changes also include adjustments to staking rewards and transaction fees. Staking rewards will decrease, while transaction fees will rise. A portion of these fees will be used to buy back and permanently remove APT tokens from circulation, a process known as token burning. This mechanism aims to reduce the circulating supply over time, potentially increasing the token's value. Following the vote, APT's price showed signs of recovery, rising 17% in the week leading up to March 8, trading near $0.96.
Aptos Community Approves 2.1 Billion APT Supply Cap in Governance Vote
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