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Promotion Details - EGLD Flash Rewards program offers high rewards for allocation of EGLD [1] - Up to 490 EGLD can be allocated [1] - The promotion offers a 10% per annum (p a) reward [1] - A 14-day lockup period is required [1] - The promotion is limited to the first 24,500 EGLD worth of allocations [1] - The promotion runs from October 23 to November 6, 2025 [1]

Core Insights - The MultiversX Foundation has proposed a governance change to remove the supply cap on EGLD, which contradicts previous commitments made by the Foundation [1][5][6] - The proposal includes a new economic model featuring a 9.47% annual tail inflation rate and a mechanism to burn 10% of fees paid to validators [3][4] - The change has sparked controversy, as it undermines the project's long-standing promotion of a capped supply similar to Bitcoin's scarcity [5][6] Economic Model Changes - The proposed governance document outlines an inflation rate of 9.47% annually, which is considered high by industry standards [3][4] - A burn mechanism is introduced, where 10% of fees paid to validators will be burned, raising concerns about the overall sustainability of the tokenomics [3][4] Community Reactions - Justin Bons, founder of CyberCapital, criticized the proposal for its high inflation rate and low burn rate, suggesting it deviates from industry norms [4] - Bons plans to publish an article detailing his views, although his opinions were dismissed by other speakers due to a lack of transparency regarding his investment exposure [4] Historical Context - MultiversX, previously known as Elrond, rebranded in November 2022, and has faced similar controversies in the past, such as the xMoney token migration that diluted existing token holders [2] - The Foundation has historically emphasized a capped issuance model, with a maximum theoretical limit of 31.4 million EGLD tokens, which is now being challenged [5][6]

Cryptocurrency Market Trends - Bitcoin's trending discussion revolves around its investment potential, market behavior, adoption stages, and comparison with gold, emphasizing scarcity, utility, and its role as a digital monetary network [1] - Ethereum is frequently mentioned in texts related to transferable and spendable crypto flash tokens, highlighting its relevance in crypto finance [2] - Dogecoin is trending due to the potential launch of the first Dogecoin ETF in the US and Thumzup's expansion of Dogecoin mining operations, with Dogecoin trading around $0.21 [4] Company Specific Developments - MicroStrategy is trending due to discussions about its large Bitcoin reserves and its role as a leveraged proxy for Bitcoin exposure, including debates on holding MSTR shares versus ETFs [3] - Tether is exploring deeper investments in gold, potentially expanding its reserves beyond $8.7 billion, and plans to invest profits into the gold supply chain [5] - MultiversX is trending due to concerns about its tokenomics, supply increase, and the potential negative effects on holders and the ecosystem [6] Stablecoin and Investment Strategies - Tether's CEO refers to gold as 'natural bitcoin,' highlighting the strategic importance of expanding its portfolio beyond stablecoins [5] - Discussions around Bitcoin include long-term holding strategies, market timing advice, and evolving government and institutional involvement [1]