Broken Promises: MultiversX Proposes Removing EGLD Supply Cap

Robert Sasu, a core developer in the MultiversX Foundation, has posted a governance proposal presented at an official MultiversX Foundation event on October 3, “The Foundry,” related to the project’s economic model. Amid a series of topics discussed in the proposal, the removal of EGLD’s supply cap jumps to the eyes as it breaks multi-year promises made by the Foundation itself. MultiversX, formerly known as Elrond, announced its rebrand in November 2022 at the xDay event in Paris, according to Coinspeake ...