Phoenix Global to Start Inflation Reduction Program Third Phase on June 7th
Phoenix Global is set to implement the third iteration of its Inflation Reduction Program. This update, scheduled for June 7th at 8 am UTC, will see a further reduction in the base inflation rate by 10%. This is in line with the company’s ongoing efforts to optimize the economics of the Phoenix RISE Token.
Refer to the official tweet by PHB:
Phoenix | Decentralized AI Infrastructure@Phoenix_ChainJun 06, 2024Phoenix RISE Token Economics Optimization Program is back in action – the 3rd iteration of inflation reduction is set to go into effect on Friday June 7, 8am UTC time. As with each iteration (last one being on Apr 2, 2024), the base inflation rate will be reduced by 10%, which… pic.twitter.com/eHY6O7cU6A
PHB Info
Phoenix is a Layer 1 and Layer 2 blockchain infrastructure, empowering intelligent Web3 applications, focusing on the next generation of AI & Privacy-Enabled Web3 Apps.