Vela Exchange updates token economics, reducing the total supply of tokens by 50 million

ChainCatcher message, the decentralized derivatives protocol Vela Exchange has reduced its total token supply by 50 million after internal review and discussions with advisors, partners, and community members. If the community deems it necessary to increase the supply, a governance vote will be required in the coming years.

It is reported that the initial Vela Exchange token supply and distribution were designed to be similar to DXP token economics, but during simulations, it was found that even under the highest inflation rates, there was no need to exceed 50 million tokens. Additionally, there are some internal community proposals to increase deflationary factors, including but not limited to burn factors and additional buybacks. (source link)