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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Event ends: August 9, 16:00 UTC
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Conflux: Will destroy 76 million CFX and stake 500 million CFX.
According to Deep Tide TechFlow news on May 6, Conflux Network's official announcement states that the Conflux community has approved a proposal regarding CFX token burning and staking. According to the proposal, 76 million CFX tokens will be burned, while 500 million CFX will be staked to reduce the PoS Annual Percentage Rate to approximately 13.38%.
The Conflux Foundation stated that it will soon implement a token burning plan and will publish on-chain records upon completion.