MultiversX Proposes Removing EGLD Supply Cap, Breaking Years of Promises

MultiversX, formerly known as Elrond, proposes removing EGLD's supply cap, breaking a core fundamental of the project. The proposal also includes a 9.47% annual tail inflation rate and burning 10% of validator fees. This breaks the project's promise of a capped issuance model with a hard-capped supply of around 31.4 million EGLD. The proposal has sparked controversy, with some arguing it is an economic model out of industry standards.