🚨Conflux Approves
$CFX Destruction and Staking Proposal
🔹The Conflux Network community has approved a proposal to
#destroy 76 million
$CFX tokens.
🔹Additionally, 500 million CFX will be staked to lower the PoS annual interest rate to ~13.38%.
🔹The Conflux Foundation will handle the token destruction and share on-chain records upon completion.
🔹The proposal is aimed at enhancing token scarcity and network stability while maintaining sustainable staking rewards.