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

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 CHZ inflation rate 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.