Conflux DAO #14: Should the new round of CFX destruction and staking plan be executed?
The current overall market environment is in a downturn stage, and influenced by Chain Param Voting Rounds 14 & 15, POW block rewards and POS benchmark yields have been adjusted upward, indirectly bringing inflation pressure over the past four months (from April 12 to August 10). Given the community's current concern about CFX inflation pressure, as well as related discussions and suggestions, the Conflux Foundation has decided to launch a new round of CFX destruction plans to further stabilize community confidence and strengthen ecological connections. This vote will determine whether the plan is executed. If the vote passes, the Conflux Foundation will implement the destruction as soon as possible, and details and on-chain records will be announced after the destruction is completed.
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$CFX Strongly request the project party to fully respect the community's wishes and the general sentiment. We request clarification on some doubts. The secondary market itself does not have much liquidity, and the large positions are basically in the hands of the foundation. However, the total amount of the POS pool reaches over 700 million, and even if we assume the POS pool is fully utilized, it is less than 200 million. So, where does the remaining 500 million in staking come from? 500 million accounts for 10% of the total amount. The foundation should disclose its own participation in the POS and where the generated interest is used.
Dear friends, as I write this, it is because we are once again entering a dark moment! Now, without a clear ecological landing, the tree map has been further exacerbated by high inflation. At this time, all tokens have been completely unlocked. I strongly urge every CFX holder to take action, be responsible for their investments, and discuss on Twitter. I strongly recommend that CFX initiate active destruction! This will boost the coin price and restore market confidence to get through this tough time! Friends, do not remain silent! Do not be accomplices to the harvesters; silence will only allow them to act wantonly! Stand up bravely; every message and discussion is our clarion call to defend ourselves! Every comment is a spark for us to continue!!!