Celo has completed the Halving, and the inflation rate in the new Token economic model has dropped to around 1%.

Foresight News reports that Celo has announced the successful completion of the Celo Halving. After the community unanimously approved and executed the CGP-169 proposal, the hard supply cap of the CELO Token in Celo’s new token economic model is set at 1 billion coins, and the inflation rate will be reduced from 2% to around 1%. This update also includes adjustments to the validators rewards mechanism and the stake mechanism, with fee distribution also being adjusted, where 10% (-10%) is allocated for carbon offsetting and 90% (+10%) is allocated for network operations.