Conflux Burns 76 Million CFX Tokens to Combat Inflation

Conflux (CFX), a blockchain network known for its unique Tree-Graph consensus mechanism, has announced a significant initiative to combat inflationary pressures and boost the value of its native token. In a move that sets a clear precedent for managing crypto tokenomics, Conflux plans to burn 76 million CFX tokens permanently from circulation. This strategic action follows the announcement made on the project’s Medium blog detailing the upcoming plan.