Chiliz Chain Announces Token Economics 2.0, Will Reduce Inflation and Launch Destruction Mechanism

On April 30, Alexandre Dreyfus, CEO of Chiliz Chain, a public chain for sports and entertainment, announced on his social platform that Chiliz Chain announced Token Economics 2.0, which sets the inflation rate of CHZ at 8.8% in the first year, decreasing year by year; in addition, the agreement will also introduce a mechanism similar to EIP-1559, and some CHZ tokens used as gas will be directly destroyed.