# What is the inflation rate on EOS?

> Intro for new EOS users

Canonical: https://help.blockzhub.io/articles/what-is-the-inflation-rate-on-eos

The EOS token has a supply of around 1 billion. When EOS started, the inflation was 5%, with 4% funneling into a savings account and 1% for Block producer rewards.

Without a way to decide who should receive the funds from savings, the EOS community [voted to burn them](https://bitcoinist.com/eos-burns-132m-worth-of-tokens-to-curb-inflation/) and eventually shut off the 4% inflation.

With the acceptance of ⅔ + 1 Block producers vote, [Yves La Rose](https://twitter.com/BigBeardSamurai) spearheaded the formation of the EOS Network Foundation with [Zack Gall](https://twitter.com/BlockchainZack) and Dafeng Guo as the “Core” members in 2021. Yves proposed an inflation increase from 1% to 3% to fund projects building on EOS. 1% of the inflation went to BPs and 2% to EOS projects.

For more information, read more about [EOS Network Foundation](https://help.eossupport.io/en/articles/5698380-what-is-the-eos-network-foundation-enf).

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Author: Jesse Jaffe

Editor: Randall Roland

Translator: -

Sources & References:

* [EOS Burns $132M Worth of Tokens to Curb Inflation](https://bitcoinist.com/eos-burns-132m-worth-of-tokens-to-curb-inflation/)
* [Twitter account Yves La Rose](https://twitter.com/BigBeardSamurai)
* [Twitter account Zack Gall](https://twitter.com/BlockchainZack)
* Further reading:

  + [What is the EOS Network Foundation (ENF)](https://help.eossupport.io/en/articles/5698380-what-is-the-eos-network-foundation-enf)?