Aptos Community Approves Token Economic Reform Proposal

The Aptos community has overwhelmingly approved a proposal to reform the token economy, setting a cap on the total supply of APT tokens at 2.1 billion, transitioning from an unlimited supply to a deflationary model. According to ChainCatcher, the voting results showed 335.2 million APT in favor and only 1,500 APT against, with a voter turnout of 39%, slightly above the required 35% threshold. The proposal is currently awaiting execution. The reform includes reducing staking rewards, increasing gas fees, and using transaction fees for token buybacks, aiming to reduce inflation and enhance long-term holder value. APT tokens have been under pressure recently, with a decline of over 85% this year, reaching as low as $0.79 on February 23. However, driven by the recent recovery in the crypto market, APT has rebounded 17% over the past seven days.