Chiliz Chain announces Tokenomics 2.0, which will reduce the inflation rate and introduce a burn mechanism

ChainCatcher news, the CEO of the sports and entertainment public chain Chiliz Chain, Alexandre Dreyfus, announced on his social platform the release of Chiliz Chain's Tokenomics 2.0. The new economics sets the first-year inflation rate of CHZ at 8.8%, decreasing annually; in addition, the protocol will introduce a mechanism similar to EIP-1559, where a portion of the CHZ tokens used as gas will be directly burned.