The Evmos Core team proposed a draft destruction mechanism, proposing to destroy 132.3 million EVMOS from the incentive pool account

The governance page shows that the Layer1 blockchain Evmos Core team proposed a new token destruction mechanism and released a relevant draft. The main contents are as follows: 1. According to the announcement that support for the Cosmos transaction format will be gradually stopped (planned to be completely deprecated before the third quarter of 2024), all Cosmos transaction fees will be destroyed during the transition period; 2. Introduce the EIP-1559 BaseFee destruction mechanism for unregistered contracts; 3. Approximately 132.3 million EVMOS tokens were destroyed from the incentive pool account (the second largest account) and removed from circulation; 4. Abandon the incentive module to reduce blockchain storage; 5. Set the allocation to incentive pool accounts (currently 33.3%) to zero (0%) to prevent further hoarding of tokens, and the percentage corresponding to the incentives will be added to the community pool; 6. Reduce token issuance (inflation) by 1/3, from ~26.7% to ~17.8%, as tokens no longer need to be allocated for usage incentives. The draft will be submitted one week after being posted on the community forum, and the final proposal will take into account feedback from the community and be published on the chain; changes will be applied to the Evmos mainnet in the next version (before EOY).