Chiliz Chain Announces Token Economics 2.0, Reduces Inflation and Introduces Destruction Mechanism

According to BlockBeats, on April 30, Alexandre Dreyfus, CEO of the sports and entertainment public chain Chiliz Chain, announced on his social platform that Chiliz Chain announced Token Economics 2.0. The new economics sets the inflation rate of CHZ at 8.8% in the first year, which will decrease year by year. In addition, the protocol will also introduce a mechanism similar to EIP-1559, and some CHZ tokens used as gas will be directly destroyed.