Polkadot (DOT) has announced a significant change to its tokenomics by capping its total token supply at 2.1 billion. Currently, the supply stands at approximately 1.6 billion, with plans to mint an additional 500 million tokens over the next 135 years. The annual issuance rate will decrease from 7.4% to 3.3% by March 2026, aiming to curb inflation and enhance token scarcity.
Following the announcement, DOT's price increased from $3.94 to $4.06, and it is currently trading at $4.03, marking a 1.1% rise over the past 24 hours. The community has reacted positively to the news, with discussions of a potential $6 price target in the medium term.
Polkadot Caps Token Supply at 2.1 Billion, Reduces Issuance Rate
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