Conflux community approves the CFX burning and staking proposal, 76 million CFX will be burned

According to BlockBeats news, on May 6, Conflux announced that the community has made a decision, and the proposal for burning and staking CFX has been approved:

· 76 million CFX will be burned;

· 500 million CFX will be staked to reduce the PoS annual yield to approximately 13.38%.

The Conflux Foundation will soon carry out the burning operation, and a record will be shared on-chain after completion.