The EOS Network Foundation approved a community proposal to cap the total token supply at 2.1 billion, down from 10 billion.

The decision was supported by 15 of 21 block producers.

The new economic model includes scheduled halvings every four years.

Increased support for the RAM market is part of the plan.

950 million tokens are allocated for ecosystem growth and rewards.

The foundation aims to create a more investor-friendly environment.

CEO Yves La Rose describes the initiative as ushering in a 'new era for EOS.'