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Ethereum Classic(ETC) ETC Block Rewards Reduction
Ethereum ClassicETC is expected to reduce production on May 1, when its block reward will be by 20% to 2.56 ETC.
In addition, since ETH is expected to switch to a PoS consensus mechanism in the next few months, its current version of PoW computing power will also flow to other public chains, and ETC is expected to take a piece of the pie and grow the network.
About ETC Block Rewards Reduction
On 11 December 2017, the total supply of Ether on Ethereum Classic was hard capped at ETC 210,700,000 via the Gotham hard fork upgrade. This added a bitcoin-inspired deflationary emission schedule that is documented in Ethereum Classic Improvement Proposal (ECIP) 1017. The emission schedule, also known as "5M20", reduces the block reward by 20% every 5,000,000 blocks. Socially, this block reward reduction event has taken the moniker of "the fifthening."
ETC reduction countdown
ETC reduction is expected to be completed on June 16, 2024
TokenomicsApproval: 87%
Token Unlock
Euler will unlock 72.15k $EUL tokens on 25 April, constituting approximately 0.39% of the currently circulating supply.
TokenomicsApproval: 95%Token Unlock
Acala will unlock 21.43 million $ACA tokens on 25 April, constituting approximately 0.48% of the currently circulating supply.
TokenomicsApproval: 88%
