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TechFlow, May 6 — According to an official announcement from Conflux Network, the Conflux community has passed a proposal regarding CFX token burning and staking. Under the proposal, 76 million CFX tokens will be burned, while 500 million CFX will be staked to reduce the PoS annualized yield to approximately 13.38%.
The Conflux Foundation stated it will soon execute the token burn plan and publish on-chain records upon completion.
According to an official announcement from Conflux Network, the Conflux community has passed a proposal regarding CFX token burning and staking. As per the proposal, 76 million CFX tokens will be burned, and 500 million CFX will be staked to reduce the PoS annualized yield to approximately 13.38%. The Conflux Foundation stated it will soon execute the token burn plan and publish the on-chain record upon completion.
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