Through the CFX Burning and Staking Proposal, the Conflux community has proposed to burn 76 million CFX.

BlockBeats News, May 6th, Conflux announced in a post that the community has made a decision regarding the proposal to burn and stake CFX:

· 76 million CFX will be burned;

· 500 million CFX will be staked to reduce the PoS annual yield to around 13.38%.

The Conflux Foundation will soon execute the burn operation, and a shared on-chain record will be available upon completion.