PANews reported on May 6th that Conflux Network announced that the CFX burning and staking proposal has been voted through, with 76 million CFX to be burned and 500 million CFX to be staked, aiming to reduce the PoS annual interest rate to approximately 13.38%. The Conflux Foundation will proceed with the burning as soon as possible, and the record will be shared on the chain after the burning is completed.
Conflux will destroy 76 million CFX and pledge 500 million CFX
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