Blockchain
Chiliz (CHZ) Chain Announces Tokenomics 2.0 with Inflation Model and Burn Mechanism
Chiliz Chain Tokenomics Evolution
In a recent update, the Chiliz Chain, a sport blockchain protocol for sports and entertainment, has rolled out its Tokenomics 2.0. This shift, marking the end of the blockchain’s inaugural year, brings significant changes to the economic strategy of its native digital currency, $CHZ.
Detailed Inflationary Framework
The updated tokenomics, introduced at the start of 2024, entails an initial annual base inflation of 8.80%, with a calculated year-over-year decay. This decay is governed by a specific formula, y = 9.24e(-0.250x) + 1.60, which anticipates a gradual reduction of inflation that will eventually stabilize at 1.88% in the 14th year. The token’s supply is expected to experience a shift towards a deflationary model if the burn rate of transaction fees surpasses the annual inflation rate.
Allocation and Utility Enhancement
With 65% of the inflation supply designated for validators and delegators, the Chiliz Chain ensures significant rewards for those involved in network governance and security. An additional 10% is allocated to the Community Vault, $CHZ Liquidity Pools, and Shared Security Restaking Rewards. The remaining 25% is directed towards Ecosystem and Operational Distribution, underscoring the platform’s commitment to continuous development and support for ecosystem projects.
Strategic Implications
The strategic update is aimed at fostering sustainable growth and enhancing the utility of the $CHZ token. By aligning with the economic strategies of leading Layer 1 protocols, the Chiliz Chain is positioning itself for increased community engagement and long-term viability within the competitive blockchain industry.
The introduction of EIP-1559 also plays a crucial role in the new tokenomics, where a majority of the gas fees will be burned at the protocol level, potentially leading to a deflationary supply model in the future.
The post Chiliz (CHZ) Chain Announces Tokenomics 2.0 with Inflation Model and Burn Mechanism appeared first on HIPTHER Alerts.
Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
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