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Evmos Foundation withdraws 59 million EVMOS from the departed co-founder

Akash Khosla, former co-founder of Evmos, has returned 59 million EVMOS tokens to the Evmos Foundation. This return was made after Evmos published a statement in May 2023, stating that Khosla had attempted to sell a large amount of Evmos native tokens on the market, which raised concerns about his departure at the time. The returned tokens are expected to be reallocated among Evmos' current team and contributors.

Evmos CEO: EVMOS destruction proposal passed, 136 million tokens will be destroyed this Thursday

Evmos CEO Federico announced on his social media platform that the EVMOS destruction proposal has been passed by a majority vote. During the Evmos software upgrade period that will take place this Thursday, 136 million EVMOS will be destroyed. Starting from that day, all fees for Cosmos transactions will also be burned.