Conflux Burns 76 Million CFX to Combat Inflation, Boosting Ecosystem Stability

Conflux has taken a major step towards stabilizing its ecosystem by approving the burning of 76 million CFX tokens. This strategic move, driven by community governance, aims to address inflation and build long-term confidence in the network. The foundation will utilize a two-pronged approach: burning 76 million CFX to decrease supply, and using 500 million CFX for strategic staking to adjust PoS interest rates. This measure directly tackles inflationary pressures stemming from recent Proof of Work and Proof of Stake rewards.