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

Alexandre Dreyfus, CEO of sports and entertainment public chain Chiliz Chain, announced on his social platform that Chiliz Chain has released Token Economics 2.0. The new economics sets the first-year inflation rate of CHZ at 8.8%, which will decrease annually. In addition, the protocol will introduce a mechanism similar to EIP-1559, where some CHZ tokens used as gas will be directly destroyed.